This article is a companion piece to today’s Morning Wire Afternoon Update. To listen to the podcast version, click here.
Democrats Renew Push For Crypto Regulation
Following the FTX collapse, Democratic lawmakers have called on regulators to examine bank holding company SoFi Technologies, which owns a subsidiary cryptocurrency exchange. The move comes after FTX filed for bankruptcy following users’ discovery that trading firm Alameda Research borrowed millions in deposits to make investments, causing a liquidity crisis.
Los Angeles Driver Who Crashed Into Sheriff Recruits Denies It Was Deliberate
Nicholas Gutierrez, the 22-year-old driver who crashed into 25 Los Angeles County Sheriff’s recruits last week, denies that he did so deliberately. Gutierrez drove his Honda CR-V into 25 cadets about 20 miles southeast of downtown L.A. on the morning of