Blockchain Critic – Congresswoman Maxine Waters – Calls 6 Crypto CEOs to Testify Before House Finance Committee
DailyCoin
Published Dec 03, 2021 03:28AM ET
Blockchain Critic – Congresswoman Maxine Waters – Calls 6 Crypto CEOs to Testify Before House Finance Committee
On Wednesday, Congresswoman Maxine Waters (NYSE:WAT) (D-CA), Chairwoman of the House Committee on Financial Services, announced that she’s convening the full Committee in an in-person and remote session to grill six CEOs of various cryptocurrency companies. The hybrid session titled “Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States” will be held at 10 am ET on Wednesday, Dec. 8.
According to the Congresswoman’s press release, the following witnesses will be in attendance:
- Jeremy Allaire, CEO, Circle
- Sam Bankman-Fried, CEO, FTX
- Brian Brooks, CEO, Bitfury
- Chad Cascarilla, CEO, Paxos
- Denelle Dixon, CEO, Stellar Development Foundation
- Alesia Haas, CEO, Coinbase (NASDAQ:COIN) Inc. and CFO, Coinbase Global Inc.
Earlier this year, she formed a Digital Assets Working Group of Democratic Members, comprising a panel of her political peers skeptical of crypto with the intent to “engage with regulators and experts to do a deep dive on this poorly understood and minimally regulated industry.”
Her latest press release further noted that since becoming Chairwoman of the House Financial Services Committee, Waters has, “…transformed the Committee to focus its agenda on fairness, protecting consumers and investors, which includes accountability of large financial institutions and emerging tech products and services. She has made it a practice to call Committee hearings with CEOs of major financial institutions and companies to hold them accountable.”
Some of the other top tech executives that Waters has brought before her committee as part of her accountability agenda include Facebook (NASDAQ:FB) CEO, Mark Zuckerberg and Head of Novi digital wallet, David Marcus.
On The Flipside
- Many House and Senate Democrats have been skeptical and critical of cryptocurrencies.
- If past performance is any indication, expect Chairwoman Waters to be confrontational and antagonistic to the invited witnesses.
Why You Should Care?
This political theater will likely be a public lashing of the attending crypto executives to cast the entire industry in a negative light, thereby validating the need for Draconian regulations.
Get The News You Want
EMAIL NEWSLETTER
Join to get the flipside of crypto
Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.
[contact-form-7] You can always unsubscribe with just 1 click.
Continue reading on DailyCoin
Written By: DailyCoin
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.