At a press conference in his Bronx office on Monday, U.S. Rep. Ritchie Torres (D-N.Y.) announced the introduction of two pieces of crypto legislation that, in the wake of FTX's collapse, would provide the volatile industry with transparency.
A representative for New York’s 15th congressional district entering his second term, Torres has long been an advocate for cryptocurrency adoption, writing an op-ed in March for the New York Daily News arguing that crypto could help his constituents by reducing the fees and delays pervasive in traditional finance, including for remittance payments.
