1 year ago
The United States House Committee connected Financial Services plans to hold a hearing into FTX collapse successful December.
According to the property statement, the committee would “hear from the companies and individuals involved, including Sam Bankman-Fried, Alameda Research, Binance, FTX, and related entities.”
The property merchandise besides noted that the proceeding would absorption connected “the broader consequences for the integer plus ecosystem.”
Speaking connected the development, Chairwoman Maxine Waters (D-CA) said:
“The autumn of FTX has posed tremendous harm to implicit 1 cardinal users, galore of whom were mundane radical who invested their hard-earned savings into the FTX cryptocurrency exchange, lone to ticker it each vanish wrong a substance of seconds. Unfortunately, this lawsuit is conscionable 1 retired of galore examples of cryptocurrency platforms that person collapsed conscionable this past year. “
Rep. Patrick McHenry (R-N.C.) said Congress “must get to the bottommost of this for FTX’s customers and the American people.” He added that it was indispensable to “hold atrocious actors accountable truthful liable players tin harness exertion to physique a much inclusive fiscal system.”
Lawmakers successful the U.K. already quizzed Binance for its relation successful the eventual illness of FTX.
Meanwhile, Reuters reported that Sam Bankman-Fried was sued successful a U.S. tribunal by investors who alleged the company’s yield-bearing crypto accounts violated Florida’s law.
The station US fiscal committee to clasp proceeding connected FTX illness successful December appeared archetypal connected CryptoSlate.
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