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House lawmakers set first FTX hearing for Dec. 13

From theblock.co

House lawmakers will begin their investigation into the collapse of crypto exchange FTX, and its broader impact on the digital asset industry, at a hearing scheduled next month. The House Financial Services Committee will hold its first FTX-focused hearing on Dec. 13. The hearing, titled “Investigating the Collapse of FTX, Part I,” is likely to be part of a series. FTX, once valued at $32 billion, filed for bankruptcy protection earlier this month. The firm collapsed after a run on its native utility token, FTT. The committee did not release a list of witnesses for the December hearing. Waters and Ranking Republican ... (full story)

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