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Thanks to numerous factors, cryptocurrency regained some legitimacy in 2024 following the calamities of the ‘crypto winter.’ These include the industry’s massive lobbying expenditure, approval of investment vehicles such as spot Bitcoin (BTC) exchange-traded funds (ETFs), and the anticipated crypto-friendly nature of the incoming Trump administration. Under such circumstances, it is hardly surprising that many U.S. politicians – generally known as savvy and prolific traders – have started engaging with the sector. Picks for you Can gold hit $3,000 in 2025? 1 hour ago 4 altcoins to buy under $1 at the start of 2025 2 hours ago We...

One observer suggested Bankman-Fried may be reluctant to discuss FTX due to the legal implication of lying under oath to the U.S. Congress. Former CEO of FTX, Sam Bankman-Fried, has signaled he's unwilling to testify before the United States Congress until he’s “finished learning and reviewing what happened.” Bankman-Fried was responding to a Dec. 2 tweet from U.S. Representative Maxine Waters inviting him to testify in a scheduled U.S. House Committee on Financial Services hearing on Dec. 13 to discuss "what happened" at FTX. In a Dec. 4 response on Twitter, the former FTX CEO said he feels it is his “duty to appear before the committee and explain,” but only once he's “finished learning and reviewing what happened," adding he wasn't “sure” whether it would happen by the 13th.  Rep. Waters, and the House Committee on Financial Services: Once I have finished learning and reviewing what happened, I would feel like it was my duty to appear before the committee...