U.S. House Committee Announces Hearing on FTX Collapse: What You Need to Know

The U.S. House Financial Services Committee said on Wednesday it plans to hold a hearing in December to investigate the collapse of cryptocurrency exchange FTX. This announcement follows the dramatic downfall of crypto trading platform FTX, which has triggered a worldwide regulatory investigation.

The House Financial Services Committee will hold a hearing next month to investigate the collapse of top crypto exchange FTX, lawmakers announced Wednesday. Today, the Ranking Member of the House Financial Services Committee, Congressman Patrick McHenry (R-NC), and the Chairwoman of the House Financial Services Committee are preparing for what promises to be a pivotal moment for the future of digital assets.

The hearing, scheduled for December, will delve into the circumstances surrounding FTX's implosion and explore the broader implications for the digital asset industry. The House Financial Services Committee will hold a hearing next month on FTX’s collapse and the broader implications for the digital asset industry.

Key figures within the committee are already laying the groundwork for the investigation. Today, Congressman Bill Huizenga (R-MI), Ranking Member of the Investor Protection, Entrepreneurship, and Capital Markets Subcommittee released the following [statement]. This underscores the commitment of the committee to thoroughly examine the events leading to FTX's demise and to identify potential regulatory gaps that need addressing.

Stay tuned for updates as more details emerge regarding the date, witnesses, and scope of the U.S. House Financial Services Committee hearing on the FTX collapse.