Bankman-Fried’s court case revealed fraudulent activity in the crypto industry, but Congress has shown little interest in implementing regulations for the sector.
Sam Bankman-Fried, a former leader in the cryptocurrency world, has been found guilty of taking over $10 billion from those who trusted him. This is just one more example of the tarnished reputation of the cryptocurrency industry. However, in the nation’s capital, there appears to be little desire to enact regulations to prevent such incidents.
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