Crypto CEOs to Testify Before House Financial Services Committee
FTX’s Sam Bankman-Fried, Bitfury’s Brian Brooks and Circle’s Jeremy Allaire are among the executives who will speak at the Dec. 8 hearing.
Dec 2, 2021 at 5:53 p.m. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/535F75SRSNBADK5DYWH5MRSNMA.jpg)
The House of Representatives reconvened yesterday to look at the infrastructure bill.
/arc-photo-coindesk/arc2-prod/public/LXF2COBSKBCNHNRE3WTK2BZ7GE.png)
CEOs from six major cryptocurrency companies will testify at a Dec. 8 hearing of the House Financial Services Committee, committee Chair Maxine Waters (D-Calif.) announced Wednesday.
- 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 entitled “Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States.”
- Waters has been an outspoken critic of crypto largely because of its unregulated nature.
- In June, she announced that she was forming a group of Democrat House members to tackle growing concerns about cryptocurrency.
- Bankman-Fried, the CEO of the crypto derivatives exchange FTX, said in September that tighter regulation of crypto exchanges would have positive effects for investors.
- Brooks, who took over as CEO of the mining company Bitfury in November, was the acting comptroller of the Office of the Comptroller of the Currency (OCC), the regulator for U.S. national banks, between May 2020 and January 2021. He also had a brief stint as CEO of the crypto exchange Binance’s U.S. arm.
Read more: Crypto Learns to Play the DC Influence Game
Disclosure
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.
:format(webp)/s3.amazonaws.com/arc-authors/coindesk/fef307fe-e7ed-4f5a-badc-d7a5744bbd1e.png)
James Rubin was CoinDesk's U.S. news editor based on the West Coast.
Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.