The U. Congress Is Set For A String Of Hearings After The FTX Collapse.
22 Nov 2022, 08:00
The U.S. Congress Is Set For A String Of Hearings After The FTX Collapse
U.S. lawmakers are set to probe into the details surrounding the collapse of FTX.The congressional hearing could see Binance CEO CZ and Sam Bankman-Fried make an appearance to give first-hand accounts.Sam Bankman-Fried’s political donations in the past will not be able to insulate him from the pressure from lawmakers with some blowing hot about possible jail time.FTX’s implosion has set off a Congressional hearing to unravel the circumstances that led to the collapse of the exchange but a rival is expected to give an account of its role in the fiasco.
The Financial Services Committee of the U.S. Senate is looking forward to meeting FTX founder Sam Bankman-Fried over the sudden collapse of the exchange. Part of the issues to be discussed are the widespread allegations of fraud and financial misappropriation circulating in the ecosystem.