There was a hearing. Jack Dorsey was literally lying to Ted Cruz's face the entire time.

Instead, bad boy billionaire had to buy Twitter.

This is the correct way to disrupt power: using the market to break up collective support. Regulators rarely do anything but perpetuate corruption.

Take FTX for example. "SBF" was so well connected that he's still not being criminally charged because of his donations to the Democratic party, and his embezzling of military aid to Ukraine. FTX was one of the leading advocates for regulating the crypto market, and SBF had testified to congress and offered legislation that could be used to regulate it.

But, because he pissed off a different wealthy elite who destroyed FTX's stock price in the course of a day or so, the entire scandal exploded, and FTX is being sued by hundreds of creditors. All while they are stealing depositor's funds. The government is now using the FTX scandal to... argue for the regulation of the crypto market using the legislation that FTX put forward in the first place.

The people promising to clean up the market are the ones trying to hand it to FTX. The only time SBF was held accountable is when a different elite blew up his empire by selling his stock.