House Committee Drops Bomb on FTX Collapse

The House Financial Services Committee will hold a bipartisan hearing next month to investigate the collapse of cryptocurrency exchange FTX and the broader consequences for the digital assets marketplace, the panel said Wednesday.

Reps. Maxine Waters (D-Calif.) and Patrick McHenry (R-N.C.) – the chairwoman and ranking member of the committee, respectively – announced the December hearing as a bipartisan effort to hear from the companies and individuals involved in FTX.

“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,” Waters said in a statement. Read more…

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