
FTX Crash News: The digital asset market collapse triggered by the debacle of FTX, the crypto exchange has reached the U.S. House of Representatives. Reports suggest that the group of representatives is planning to launch a hearing of Sam Bankman-Fried (SBF) over the FTX crash.
US Rep to look into FTX crash
Charles Gasparino, a Fox Business Journalist reported that a GOP house is looking for a hearing into SBF created debacle. The hearing will focus on the SBF meeting with the SEC chair, Gary Gensler to create a crypto exchange.
He added that Representatives will also inquire if SBF was given preference because of his ties to the Democratic party. However, Why the commission didn’t see the FTX implosion coming will be the major question.
Earlier, Coingape reported that FTX’s former CEO has been alleged of deeply funding lobbying in Washington DC over the past year. The SEC might come to rescue SBF from this mess.
Gasparino added that Commodity Futures Trading Commission (CFTC) is likely to land under the scrutiny amid FTX crash. It is alleged that SBF hired several former CFTC officials to handle some key roles in the company. However, he also pushed the CFTC to become the key regulator of digital assets in place of the SEC.
Representative Bill Huizenga in a Tweet mentioned that he is glad that both Republicans and Democrats are working together to hold a hearing of the FTX crash and SBF.
The post FTX Crash: SBF To Testify In Front Of GOP House? Here’s What Sources Reveal appeared first on CoinGape.
- Website
- Mobile app
- Telegram Channel
- Telegram Group
- YouTube
- Binance Referral Link
- Bitmex Referral Link
- (Recommended For Leverage) ByBit Referral Link
- Buy Ledger Nano at discounted price
- Buy Cool Wallets at discounted price
Don't forget to share your review/suggestions for the android app.
All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risks