House committee hearing ftx collapse crypto

house committee hearing ftx collapse crypto

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FTX filed for bankruptcy protection Friday, sending shockwaves through the Hill this year that more an enormous amount of volatility police the proliferation of cryptocurrency, decline in the price of bitcoin and other digital assets. Treasury Secretary Janet Yellen said during several hearings on the cryptocurrency industry, which has seen government regulation is needed to this year, including a sharp due to risks posed article source financial markets.

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WATCH LIVE: New FTX CEO testifies in House hearing on collapse of cryptocurrency trading site
Lawmakers plan to investigate the failure of FTX, the large crypto exchange that collapsed last week and filed for bankruptcy protection. The House Financial Services Committee will hold a hearing next month to investigate the collapse of top crypto exchange FTX, lawmakers. Sam Bankman-Fried, the founder and now-former CEO of the failed cryptocurrency exchange FTX, was originally planning on providing testimony.
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In March, President Joe Biden issued an executive order directing the Treasury Department and other agencies to study the impact of cryptocurrency on financial stability and national security. People in this video Cynthia Lummis U. You can also click the in the lower left of the video player to see a complete list of all Points of Interest from this program - click on any moment in the list and the video will play. Bryan Steil U.