The House Committee on Financial Services in the United States is in charge of overseeing all <a href="https://www.fxstreet.com/cryptocurrencies/news/crypto-ceos-to-testify-before-us-house-financial-services-committee-202112020813" target="_blank" rel="nofollow noopener">aspects</a> of the financial services industry. The committee has called a hearing on "Digital Assets and the Future of Finance," and CEOs of bitcoin exchanges and firms have been invited to speak.

FTX's Sam Bankman-Fried will Testify on the Subject of "Digital Assets and the Future of Finance."

One of the significant witnesses on the US House Committee on Financial Services' list is Sam Bankman-Fried, the CEO of FTX, a leading bitcoin derivatives <a href="https://www.cryptoknowmics.com/news/ftx-exchange-purchases-super-bowl-ad-slot-for-crypto-promotion-in-nfl/">platform</a>.

Circle, FTX, Bitfury, Paxos, Stellar Development Foundation, and Coinbase Inc. CEOs have been invited to appear at the whole hearing by Congresswoman Maxine Waters, the committee's Chairman.

https://twitter.com/FSCDems/status/1466113409267736577

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<h2>Committee Will Focus on Fairness, Protecting Consumers, and Investors</h2>
The committee's priorities include justice, consumer and investor protection, and holding giant financial institutions, and developing ICT goods and services accountable for consumer and investor protection.

Chairwoman Maxine Waters has made it a habit to call CEOs of large financial companies to committee hearings. All committee hearings are broadcast live on the internet. On December 8, CEOs and participants will discuss "Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States" at a hybrid committee hearing.

Members and witnesses can participate remotely or in person in hybrid hearings.

Due to the unregulated nature of cryptocurrency, Chairwoman Waters has been a vocal opponent. Witnesses on Chairwoman Waters' list support stricter bitcoin regulations.

FTX's <a href="https://www.cryptoknowmics.com/news/sam-bankman-fried-clarify-criticisms-on-crypto-derivatives/">Sam Bankman-Fried</a> supports stricter bitcoin regulation for investors. In a September interview, Bankman-Fried discussed his thoughts on the subject.

The US House Financial Services Committee Invites Crypto CEOs to Testify

The House Committee on Financial Services in the United States is in charge of overseeing all aspects of the financial services industry.

Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

The US House Financial Services Committee Invites Crypto CEOs to Testify

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