FTX, Bankman-Fried to Face Congressional Scrutiny Over Collapse
- House, Senate to hold hearings in December on FTX collapse
- Bankman-Fried, Alameda expected to be part of House hearing
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Bankrupt crypto exchange FTX and its former chief executive officer, Democratic mega-donor Sam Bankman-Fried, will be in congressional cross hairs next month as House and Senate panels probe the company’s collapse.
The House Financial Services and Senate Banking committees plan December hearings that will look at FTX’s sudden demise and its ripple affects in the broader digital asset industry. Democrats and Republicans alike have expressed anger about the current state of the crypto marketplace.