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White House Speaks Out About FTX Case

FTX, the current controversial exchange that has brought attention to US agencies and authorities, this time, the White House has also voiced this concern.

White House Press Secretary Karine Jean-Pierre. Image: Fortune

During a press conference on Thursday, White House press secretary Karine Jean-Pierre informed reporters that the Biden administration is aware of the most recent FTX developments and will keep an eye on the situation.

Jean-Pierre stated:

“This is something that clearly we monitor and that we see as an important issue. The most recent news further underscores these concerns and highlights why prudent regulation of cryptocurrencies is indeed needed.”

As Coincu reported, the US Department of Justice and the Securities and Exchange Commission (SEC) previously said they would open an investigation into the exchange’s collapse.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.