US Congressman defends decentralization, blames SBF, Gensler, CeFi for FTX collapse
U.S. Congressman Tom Emmer said FTX's collapse is not a crypto failure, rather a failure of business ethics, government oversight and regulatory oversight.

Track FTX news, including bankruptcy updates, creditor repayments, court rulings, asset recovery, and the lasting impact of the collapse.
The Bahamas regulator said all expenses it incurs will be approved by the country's supreme court and are subject to reimbursement by FTX.
A weekend hunt for $1B in new funding has come up short for crypto brokerage Genesis as it seeks huge cash injection to stay afloat
Bank of England speculates FTX collapse is a result of FTT run, Litecoin recently climbs market cap ranking, and much more in this edition of CryptoSlate Wrapped Daily.
Arkham Intelligence dashboard shows that Genesis has been processing millions in stablecoin redemptions over the past few days.
Bank of England's Jon Cunliffe said the crypto space should be brought under regulation to provide stability.
The MAS revealed Binance was placed on the IAL because it actively seeks Singaporean users and has features that could be misinterpreted to mean it is licensed by the regulator.