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US House Committee to Hold Hearing on FTX Collapse – Regulation Incoming?


The US House Financial Services Committee plans to investigate the collapse of FTX and hold a hearing on the matter next month. Current Chair and Congresswoman Maxine Waters, D-Calif., and Congressman Patrick McHenry, R-N.C., announced the hearing in a joint statement on Wednesday, saying that...

Republicans Secure US House Majority, Will Shift Path for Crypto Bills


The U.S. Congress will officially be split between the two major parties after results from the Nov. 8 election put a 218th seat in the Republican column, giving that party a majority in the House of Representatives as the crypto industry awaits legislation that could define its future

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


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...

White House Goes Back to the Future With FDIC Chair Pick Gruenberg


President Joe Biden has chosen to nominate Federal Deposit Insurance Corp. (FDIC) Acting Chairman Martin Gruenberg to return to the chairmanship he held in previous administrations. The FDIC will have a key role in how crypto will mesh with the U.S. banking system and significant influence over...

White House, US Senators Call for Proper Crypto Oversight


The White House and members of the U.S. Senate Banking Committee have called for proper cryptocurrency regulation following the collapse of crypto exchange FTX. “Without proper oversight of cryptocurrencies, they risk harming everyday Americans, and this is something that clearly we monitor...

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