Congress' FTX Problem: 1 in 3 Members Got Cash From Crypto Exchange's Bosses

Emmer, who is co-chairman of the Congressional Blockchain Congress, has argued that the FTX collapse was a “failure of character,” not of crypto, but added that the industry will keep growing. “You do not get growth without taking risk,” he told a cryptocurrency industry crowd in Washington, D.C., the week after FTX went down.