Ritchie torres

Policy

REP. Tinalakay ni Ritchie Torres (DN.Y.) kung paano "niligaw ng dating CEO ang publiko," at kung ano ang ginawa niya sa $2,900 na donasyong pampulitika ni Bankman-Fried.

By Fran VelasquezDis 14, 2022

New FTX CEO John J. Ray III testified before the U.S. House Financial Services Committee Tuesday as his predecessor Sam Bankman-Fried faces fraud and conspiracy charges. Rep. Ritchie Torres (D-N.Y.), who attended the hearing, discusses the key takeaways and possible regulatory outcomes.

Dis 14, 2022

U.S. Congressman Rep. Ritchie Torres (D-N.Y.) discusses his take on the legislation needed in the aftermath of FTX's collapse and how much of it is due to fraud. "Demonizing a whole industry based on the fraudulence of one actor is fundamentally unfair," Torres said. "Sam Bankman-Fried is not representative of crypto finance any more than Bernie Madoff is representative of conventional finance."

Dis 14, 2022

U.S. Rep. Ritchie Torres (D-N.Y.) discusses his take on new FTX CEO John J. Ray III's testimony before the U.S. House Financial Services Committee Tuesday. "He spoke carefully...he was careful not to weigh in on crypto at large."

Dis 14, 2022

FTX founder Sam Bankman-Fried tweeted that the crypto exchange was "fine" on Nov. 7, then subsequently deleted the statement. Rep. Ritchie Torres (D-N.Y.), who was in the room at Tuesday's House Financial Committee hearing on the FTX collapse, says Bankman-Fried "misled the public, he lied."

Dis 14, 2022