A hearing on the demise of the cryptocurrency exchange FTX is scheduled to take place in December by the U.S. House Financial Services Committee. The committee stated that it anticipates hearing from all parties, including Alameda Research, Binance, FTX, FTX ex-CEO Sam Bankman-Fried and other associated organizations and individuals.
U.S. House Keen To Know More
The committee’s chair and ranking member, Reps. Maxine Waters (D-Calif.) and Patrick McHenry (R-N.C.), said in a joint statement that the lawmakers would be interested in learning more about the demise of FTX and its broader ramifications for the cryptocurrency ecosystem.
Sam Bankman-Fried, the former CEO of FTX, as well as representatives from FTX, Alameda Research, and even Binance which briefly intended to acquire FTX, will testify before the committee.
Waters, in an official statement, said:
“Unfortunately, this event is just one out of many examples of cryptocurrency platforms that have collapsed just this past year, [
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