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FTX CEO: All Major Blockchain Networks Are Super Secure

Mary Liu

Summary: During the crypto hearing held by the House Financial Services Committee on Wednesday, FTX CEO Sam Bankman-Fried (SBF) stated that the U.S. crypto market needs more liquidity and price discovery. The open positions of FTX and other major exchanges are completely transparent. In response to a question posed by Congressman Ritchie Torres (D-NY), SBF stated ...

During the crypto hearing held by the House Financial Services Committee on Wednesday, FTX CEO Sam Bankman-Fried (SBF) stated that the U.S. crypto market needs more liquidity and price discovery. The open positions of FTX and other major exchanges are completely transparent.

In response to a question posed by Congressman Ritchie Torres (D-NY), SBF stated that "all major blockchain networks are super secure." 

Bankman-Fried also talked about the impact of supercomputers on the blockchain: "It has the potential to create faster and more efficient new cryptographic algorithms."

By Mary Liu

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