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December 2, 2021 10:00 am
Original Link: https://yro.slashdot.org/story/21/12/02/056223/crypto-ceos-will-testify-before-us-house-panel?utm_source=rss1.0mainlinkanon&utm_medium=feed
Crypto CEOs Will Testify Before US House Panel
An anonymous reader quotes a report from Crypto Briefing: The U.S. House Committee on Financial Services has announced that several cryptocurrency executives will testify at a panel hearing. 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. 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.Read more of this story at Slashdot.
Original Link: https://yro.slashdot.org/story/21/12/02/056223/crypto-ceos-will-testify-before-us-house-panel?utm_source=rss1.0mainlinkanon&utm_medium=feed
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