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Senate committee to hold FTX-related hearing in December

2022/11/21 23:24

The Senate Agriculture Committee has scheduled a hearing on the recent high-profile collapse of crypto exchange FTX.
Titled "Why Congress Needs to Act: Lessons Learned from the FTX Collapse," the hearing will take place on December 1 and feature testimony from Commodity Futures Trading Commission Chair Rostin Behnam.
The committee's leaders, Debbie Stabenow, D-Mich., and John Boozman, R-Ark., have worked on legislation that would build a CFTC-centered regulatory regime around digital commodities, primarily bitcoin.
Last week the House Financial Services Committee was first to announce a hearing on the high-profile exchange's implosion, which sent reverberations across the industry. The Senate Banking Committee is also weighing a potential hearing on the topic.
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