The House Financial Services Committee will hold hearings on the collapse of cryptocurrency exchange FTX in December, lawmakers announced Wednesday.
FOX Business host Stuart Varney argues 'very few' understood what they were getting into as the FTX crypto collapses causes millions to lose money.
on Wednesday announced a hearing will be held in December to examine the collapse of FTX and "the broader consequences for the digital asset ecosystem." to testify, as well as representatives from Alameda Research, Binance, FTX, and related entities, lawmakers said. Representative Maxine Waters, a Democrat from California and chairwoman of the House Financial Services Committee, speaks during a hearing in Washington, D.C., U.S., on Thursday, Sept. 30, 2021.
"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. Unfortunately, this event is just one out of many examples of cryptocurrency platforms that have collapsed just this past year," Waters said.
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