Cryptocurrencies
Crypto Executives to Face House Lawmakers at Dec. 8 Hearing
- Bankman-Fried, Brooks, Allaire and Haas set to testify
- Chair Maxine Waters want to ensure “accountability” of firms
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Some of the biggest names in crypto will head to Capitol Hill next week as lawmakers weigh new rules for the white-hot asset class.
Sam Bankman-Fried, chief executive officer of the FTX derivatives exchange, and Brian Brooks, who now runs crypto miner Bitfury Group Ltd. after serving as the Trump administration’s acting comptroller of the currency, will be among the executives set to testify Dec. 8 before the House Financial Services Committee. The hearing will on the “challenges of financial innovation” in the U.S., the committee said in a statement on Wednesday.