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Cryptocurrencies: 29419
Markets: 111513
Market Cap: $2,190,716,099,248     
24h Vol: $65,583,667,845
Seeking Alpha 2023-02-03 18:23:10

'Crypto Crash' hearing to be held by Senate Banking Committee in February

'Crypto Crash' hearing to be held by Senate Banking Committee in February
The U.S. Senate Banking Committee is going to conduct a hearing on Feb. 14 to assess financial system safeguards needed for digital assets, according to a Friday hearing schedule. The Valentines' Day hearing , called “Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets,” comes as lawmakers ramp up scrutiny of the digital asset ecosystem following a slew of high-profile failures, including November's implosion of crypto exchange FTX ( FTT-USD ), in an effort to protect customer assets. On Thursday, Senator Tim Scott (R-SC) was said to have mapped out his priorities for a bipartisan regulatory framework for cryptocurrencies. Dear readers : We recognize that politics often intersects with the financial news of the day, so we invite you to click here to click here to join the separate political discussion .
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