Crypto CEOs to testify before US House Financial Services Committee
In an attempt to hold them accountable
CEOs from six major cryptocurrency companies are set to testify before a US congressional committee on December 8th, committee Chair Maxine Waters announced.
FTX’s Sam Bankman-Fried, Circle’s Jeremy Allaire, Bitfury’s Brian Brooks, Paxos’ Charles Cascarilla, Stellar Development Foundation’s Denelle Dixon and Coinbase’s Alesia Haas will speak at the session named “Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States.”
The Committee’s agenda is to focus on fairness, protecting consumers and investors, holding large financial institutions and emerging tech products and services accountable for the protection of consumers and investors.
The hearing comes after the current SEC head Gary Gensler, requested that crypto trading platforms be required to register with the SEC to minimize fraud and increase regulatory compliance.
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