As lawmakers are probing what went wrong at the bankrupt crypto exchange FTX, the chairman of the Commodity Futures Trading Commission made a forceful plea for more rules governing the crypto industry.
The chairman of the Commodity Futures Trading Commission on Thursday made a plea for more rules governing the crypto industry, as lawmakers are probing what went wrong at the crypto exchange FTX.
The hearing “will be crucial to assessing the future of this legislation and whether it still has the similar, strong bipartisan support it did prior to the recent crisis,” Beacon Policy Advisors wrote in a note on Monday. Opinion: Win or lose, crypto investors find a reason to remain all-in — ‘nobody wants to get rich slow,’ advisers say
Today’s hearing is one of at least two scheduled on the FTX debacle. On Dec. 13, the House Financial Services Committee is planning its own hearing on the FTX collapse’s consequences for digital assets.
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