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And $32 billion bankrupt in a matter of weeks and looking at more collapses, and two senators from opposite sides of the aisle looking at introducing a bill to regulate it, including elizabeth warren and said the bill would force crypto companies to follow the same common sense rules as other financial institutions are supposed to follow. i'm joined by senior capitol hill correspondent garrett haake, talk about this hearing and the new bill. because if the introduction of a bill meant the regulation, facebook would have been regulated years ago. there is a long path ahead of us. >> yes, that's...

Decisions he made. he said he's ready to testify before congress. the republicans said they're going to call him before congress. he said that gets the brooklyn up in him, and he's looking forward to cooperating in any way. and he hopes that it's a constructive review and not just a political exercise. >> well, we'll see about that. but it's going to be interesting to see. and he's willing to testify. well, david, thank you very much. and you can hear the full podcast. they are always worth listening to every word, and that is on thursday. >> thanks, erin. >> thank you. in more breaking news...

Billion dollars at its peak but the cryptocurrency exchange ftx filed for bankruptcy last month. potentially leaving cryptocurrencies customers holding. back >> and now he's been arrested in the bahamas after the united states filed criminal charges against him in just one day for his suppose -- committee. elie honig is back with us. elie, why is this significant? >> the quest before we heard this news was was this the result of fraud or incompetence? well now we have the answer. the u.s. department of justice southern district of new york, my former office says, it's. fraud and they say he be...

Meet leon the third... leon the second... and leon... the first of them all. three generations, who all bank differently with chase. leon's saving up for his first set of wheels... nice try. really? this leon's paying for his paint job on the spot... and this leon, as a chase private client, he's in the south of france, taking out cash with no atm fees. that's because this family of leons has chase. actually, it's león. ooh la la! one bank for now. for later. for life. chase. make more of what's yours. >> his company was worth $32 billion at peak but cryptocurrency exchange ftx filed for bank...

Fergus walsh, bbc news. the founder of the collapsed crypto currency exchange ftx, sam bankman—fried, has been charged with defrauding customers of billions of dollars. ftx was the world's second largest crypto exchange — allowing customers to buy and sell cryptocurrencies such as bitcoin. the us securities and exchange commission allege he misused funds belonging to its trading customers. joe tidy has more. sam bankman—fried was the front man of his $32 billion ftx empire. nicknamed the king of crypto, he was one of the industry's biggest personalities. but since his empire collapsed le...