What we're debating is where that investigation is conducted. Conducting it in congress implies some exceptional thing that needs to be reformed, rather than the brazen simplistic criminality that it seemingly was. This speaks to a two class justice system, with SBF in the same category as other "too big to fail" criminals.

How about starting with a criminal investigation? If that turns up some novel twist exonerating SBF and indicating a meta-issue, like say FTX was actually hacked, then congress can take over. As it stands, all signs point to simple fraud where customer deposits were given to Alameda to gamble with.

As far as regulating cryptocurrency more, that impulse is precisely what I mean by "never let a good crisis go to waste". Fuck, continuing this line of thought I almost have the wonder if SBF is more like an Epstein-club actor here, doing the deliberate job of looting cryptocurrency for the political class, while creating a disaster to usher in more regulation.

I think you misunderstand that investigations often take place in Congress and the DoJ simultaneously, and that Congress conducts quite a few of them, most of which don't result in regulation.

There's almost certainly an investigation in the DoJ. We're not going to hear about it for a long time.

It's a foregone conclusion that crypto will be regulated. Congress has been figuring out how it should be regulated - not if - for a while. One of their key contacts in this industry, who spent a huge amount of time assuring them it wasn't all a scam - was a scammer. That matters to them.

The last part of your comment, where you suggest SBF blew up his own empire so that Congress could maybe pass a law. I don't really know what to say, this is a literal conspiracy theory. I'd encourage you to try and get more perspective.