FTX collapse-what is new?
2022.11.16 11:11
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FTX collapse-what is new?
Budrigannews.com – Members of the US House of Representatives Financial Services Committee are scheduled for a 12-month hearing aimed at exploring the collapse of the FTX crypto exchange and its “broader impact on the digital asset ecosystem.
At that moment, “on the 16th, the House committee FTX said that it expects to hear from the people and companies involved in the event that led the FTX group to declare bankruptcy under Chapter 11.It It is unclear whether Binance CEO Changpeng Zhao, who has also voiced his voice on social media about discussions with SBF and FTX, will make an appear.
“The collapse of FTX has caused tremendous damage to more than 100 million users.Many of them were ordinary people who invested their hard-earned savings in FTX cryptocurrency exchanges, but in a matter of seconds they saw everything disappear,” said Maxine Waters, chairman of the House Financial Services Committee. “Legislative action is needed to ensure that digital asset entities cannot operate in the shadows outside of robust federal oversight and clear rules of the road.”
Patrick McHenry, a senior member of the committee, expressed support for the FTX poll, saying it was essential that “bad actors take responsibility” and that Mchenry, who oversees exchange users, would likely become chairman of the committee in May if Republicans control the House majority.
#NEW: Republican Leader @PatrickMcHenry and Chairwoman @RepMaxineWaters announce a hearing to investigate the collapse of FTX.
Read more: https://t.co/0UnDiFNHWB
— Financial Services GOP (@FinancialCmte) November 16, 2022
Waters said on Nov. On the 16th, at a hearing on the supervision of financial regulators, FTX was operating “in the shadows” and suggested that lawmakers needed to establish “clear rules of the road” for crypto companies. McHenry told lawmakers at the same hearing that Congress should focus on the platform and “develop a clear regulatory framework for the digital asset ecosystem.”:
“As this hearing is in the book, we are coordinating between the minority and the majority […[free shipping] [tomorrow easy correspondence] [tomorrow easy correspondence Kanto] [tomorrow easy correspondence Koshinetsu] [tomorrow easy correspondence Hokuriku] [tomorrow easy correspondence Tokai] [tomorrow easy correspondence Kinki]
Related: FTX under Investigation in Bahamas for Criminal Misconduct: Report
According to reports, the American authorities may begin to coordinate with their Bahamian counterparts and extradite the SBF to the United States for interrogation. The report suggests that Ftx is under investigation in the Bahamas, Turkey and has several corporate executives, including the Digital Markets division of FTX and SBF, and the United States Attorney’s office in the Manhattan Borough of New York. According to FTX’s bankruptcy filing, the exchange could be responsible for more than 100 million creditors.
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