US Senate committee schedules FTX hearing for Dec. 1, CFTC head to testify

US Senate committee schedules FTX hearing for Dec. 1, CFTC head to testify


The United States Senate Agriculture Committee has announced that Commodity Futures Trading Commission, or CFTC, chair Rostin Behnam will be one of the witnesses in a hearing exploring the collapse of crypto exchange FTX.

According to the Senate Agriculture Committee website, on Dec. 1 the full committee will listen to testimony from Behnam and presumably other individuals with information about the liquidity issues and subsequent downfall of FTX. The hearing, titled ‘Why Congress Needs to Act: Lessons Learned from the FTX Collapse’ will be one of the first in which U.S. lawmakers explore what happened with the major crypto exchange and former CEO Sam Bankman-Fried.

News: On December 1 @SenateAgDems + @SenateAgGOP will hold a hearing about the FTX collapse and the need for congressional action.

— Senate

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