CEO of FTX Sam Bankman-Fried testifies all through a listening to prior to the Dwelling Economic Services Committee at Rayburn House Office Making on Capitol Hill December 8, 2021 in Washington, DC.
Alex Wong | Getty Illustrations or photos
Residence lawmakers are calling FTX founder Sam Bankman-Fried and other executives to Capitol Hill to testify about the crypto exchange’s collapse at a listening to in December.
Dwelling Monetary Expert services Committee Chairwoman Maxine Waters, D-Calif., and the position Republican Rep. Patrick McHenry, of North Carolina, are keeping a scarce bipartisan listening to on the make any difference. They plan to haul up executives from FTX, Alameda Research, Binance and some others to testify as effectively.
“The tumble of FTX has posed huge hurt to more than one million users, quite a few of whom were daily men and women who invested their really hard-gained cost savings into the FTX cryptocurrency trade, only to check out it all disappear inside a matter of seconds,” Waters explained in a assertion. “Sadly, this party is just just one out of lots of illustrations of cryptocurrency platforms that have collapsed just this past 12 months.”
CNBC’s Mary Catherine Wellons contributed to this post.
