• 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. 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Cryptos feed Join Telegram

Recommended content


Recommended Content

Editors’ Picks

Fed’s Powell calls for proper crypto regulations as Bitcoin price shoots beyond $20,000

Fed’s Powell calls for proper crypto regulations as Bitcoin price shoots beyond $20,000

Bitcoin price is exploring highs above $20,000 on Tuesday after holding support at $18,800 for nearly four days. Green sprouts are noticeable across the market, led by Uniswap price’s 16.70% move to $6.60

More Bitcoin News

Ethereum price eyes $1,450 as post-Merge tax problems arise

Ethereum price eyes $1,450 as post-Merge tax problems arise

Ethereum price shows a steady climb over the last twelve hours as a direct consequence of the sudden spike in Bitcoin price, which influences the whole crypto market. 

More Ethereum News

XRP price cools off before preparing for its next 100% rally

XRP price cools off before preparing for its next 100% rally

XRP price shows an interesting development in the lower time frame that hints at a potential retracement. The higher time frame scenario also entertains the possibility of a deeper pullback after its recent explosive move.

More Ripple News

MATIC Price Prediction: These signals are key to catching Polygon’s 20% rally

MATIC Price Prediction: These signals are key to catching Polygon’s 20% rally

MATIC price continues to consolidate around the range low for more than a week and shows no signs of breaking out. Investors should pay close attention and anticipate the bullish resurgence, which could trigger an explosive move.

More Polygon News

Bitcoin makes a bullish comeback amid regulatory tension, but lacks confirmation

Bitcoin makes a bullish comeback amid regulatory tension, but lacks confirmation

Bitcoin price takes the first step to recovery but needs solid confirmation that will arrive after a flip of the $19,539 level into a support floor. After a successful flip, investors could expect a move up to an intermediate hurdle at $20,737.

Read full analysis

BTC

ETH

XRP