|

Crypto CEOs to testify before US House Financial Services Committee

  • Representative Maxine Waters, chairwoman of the US House Committee on Financial Services, has invited cryptocurrency CEOs to testify at the full hearing. 
  • CEOs of FTX and Coinbase, Sam Bankman-Fried and Alessia Haas are on the witness list of executives invited to testify at the committee hearing. 
  • The hearing’s agenda is to hold crypto CEOs accountable for protecting consumers and investors availing of their services. 

The US House Committee on Financial Services oversees all components of the financial services sector. The committee has scheduled a hearing on “Digital Assets and the Future of Finance,” inviting CEOs of cryptocurrency exchanges and firms to testify. 

Sam Bankman-Fried of FTX to testify on ‘Digital Assets and the Future of Finance’

Sam Bankman-Fried, the CEO of FTX, a leading cryptocurrency derivatives platform, is one of the key witnesses on the US House Committee on Financial Services list. 

Congresswoman Maxine Waters, Chairman of the committee, has invited CEOs of Circle, FTX, Bitfury, Paxos, Stellar Development Foundation and Coinbase Inc. to testify at the full hearing. 

The committee’s agenda is to focus on fairness, protecting consumers and investors, holding large financial institutions and emerging tech products and services accountable for the protection of consumers and investors. 

Chairwoman Maxine Waters has made it a practice to organize committee hearings and call upon CEOs of major financial institutions. 

All committee hearings are live-streamed. In the hybrid committee hearing on December 8, CEOs and attendees will take up the topic,“Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States.”

In hybrid hearings, members and witnesses are allowed to participate remotely or in person. 

Chairwoman Waters has been an outspoken critic of cryptocurrencies due to the unregulated nature of the asset. Witnesses on Chairwoman Waters’ list are keen on stricter cryptocurrency regulation. 

Sam Bankman-Fried of FTX is in favor of tighter cryptocurrency regulation for investors. Bankman-Fried expressed his thoughts on the matter in an interview in September. 

Author

Ekta Mourya

Ekta Mourya

FXStreet

Ekta Mourya has extensive experience in fundamental and on-chain analysis, particularly focused on impact of macroeconomics and central bank policies on cryptocurrencies.

More from Ekta Mourya
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

Aave Price Forecast: AAVE eyes bullish breakout as on-chain and derivatives data turns supportive

Aave (AAVE) price hovers around $172 on Wednesday, nearing the upper trendline of the falling parallel channel pattern. A break above this technical pattern favors the bulls.

Hyperliquid Price Forecast: HYPE consolidates below 50-day EMA as bullish bias strengthens

Hyperliquid (HYPE) experiences a pullback of over 1% at press time on Wednesday, struggling to extend the breakout rally of a resistance trendline.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple cool off as rally stalls near key resistance zones

Bitcoin, Ethereum, and Ripple prices are taking a breather on Wednesday near their key resistance levels following the recent surge. BTC faces rejection at the $94,253 level, while ETH and XRP follow BTC’s footsteps, struggling near $3,308 and $2.35, respectively.

Top Crypto Gainers: JasmyCoin rallies as Cosmos and Bittensor retreat

JasmyCoin (JASMY), Cosmos (ATOM), and Bittensor (TAO) are among the top-performing cryptocurrency assets in the last 24 hours.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.