Crypto Skeptics Run the Show in Washington

Welcome to Bloomberg Crypto, our twice-weekly look at Bitcoin, blockchain and more. If someone forwarded this to you, sign up here. In today’s edition, Emily Nicolle tunes in to this week’s FTX hearings:

It was only 10 months ago that Sam Bankman-Fried appeared before a Senate committee to promote FTX’s risk engine as a harbinger of how crypto could dramatically improve the banking industry’s processes.