US House Committee to Investigate and Hold Bipartisan Hearing on FTX Collapse – Bitcoin News

The U.S. House Financial Services Committee is planning to investigate the FTX collapse, according to a joint press release published by the committee’s chair Maxine Waters and representative Patrick McHenry. Furthermore, a congressional hearing is scheduled to take place in December, according to the joint statement.On Wednesday, Nov.

The U.S. House Financial Services Committee “expects to hear from the companies and individuals involved, including Sam Bankman-Fried, Alameda Research, Binance, FTX, and related entities, among others,” the joint statement from Waters and McHenry details. “The fall of FTX has posed tremendous harm to over one million users, many of whom were everyday people who invested their hard-earned savings into the FTX cryptocurrency exchange, only to watch it all disappear within a matter of seconds,” congresswoman Waters said in a statement. The California-based Democrat added:

Unfortunately, this event is just one out of many examples of cryptocurrency platforms that have collapsed just this past year. That’s why it is with great urgency that I, along with my colleague Ranking Member McHenry, announce the Committee’s intention to hold a hearing to investigate the collapse of FTX.on the meme stock and Gamestop market event last year.

“Oversight is one of Congress’ most critical functions and we must get to the bottom of this for FTX’s customers and the American people,” McHenry said. “It’s essential that we hold bad actors accountable so responsible players can harness technology to build a more inclusive financial system,” McHenry added.

They should use this same energy to investigate a lot of pump and dump scheme still being run by wallstreet hedgefunds and why SEC won’t investigate or apply sanctions on most of these bad guys

Big fat liar

WOW.!

yea.

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That good

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WOW!.

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House lawmakers to probe FTX collapse in December hearingThe House Financial Services Committee will hold hearings on the collapse of cryptocurrency exchange FTX in December, lawmakers announced Wednesday. Now that’s funny, they are going investigate themselves in the last month of their reign. I’m sure they’ll get to the bottom of it!! When it comes to their own financial flow they quickly act to 'investigate' but for everyone else its crikets. Why don't they wait until the new house is sworn in in January? 😏
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