Crypto CEOs Will Testify Before U.S. House Panel
Executives from FTX, Circle, Coinbase, and other companies will appear.
- The House Committee on Financial Services plans to hold a panel hearing featuring six crypto executives on Dec. 8.
- The panel will include CEOs and executives from FTX, Circle, Coinbase, Paxos, Stellar, and Bitfury.
- The goal of the hearing is to hold cryptocurrency companies accountable to consumers and investors.
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The U.S. House Committee on Financial Services has announced that several cryptocurrency executives will testify at a panel hearing.
Six Crypto Executives Will Appear
Jeremy Allaire, CEO of the USD Coin company Circle, is first on the list of executives that will attend the panel.
The list also includes Sam Bankman-Fried, CEO and founder of the crypto exchange FTX. It additionally includes Brian Brooks, current CEO of Bitfury and former acting comptroller for the U.S. Office of the Comptroller of the Currency (OCC).
Chad Cascarilla, CEO of the stablecoin and brokerage firm Paxos, will also appear on the panel. Paxos is best known for powering crypto services for PayPal and Facebook’s Novi wallet.
Denelle Dixon, CEO of the Stellar Development Foundation, and Alesia Haas, CFO of Coinbase, will also make an appearance.
Congresswoman Waters Will Head the Panel
The panel will be led by Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services.
Waters previously held a hearing on Facebook’s proposed crypto plans in 2019, as well as other panels on crypto, digital currencies, and central bank digital currencies (CBDCs).
This upcoming panel is titled “Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States.” The page describing the hearing suggests the goal of the event is to hold financial companies accountable to consumers and investors.
The hearing will be held at 10:00 AM ET on Wednesday, Dec. 8. It will be available as an online webcast.
Disclaimer: At the time of writing this author held less than $100 of Bitcoin, Ethereum, and altcoins.