Some progressives have become increasingly skeptical of cryptocurrency and the risks they may pose, with Senator Elizabeth Warren, among others, calling for a regulatory crackdown on the volatile sector.

Alesia Haas, the CFO of Coinbase Global, will be among witnesses at the hearing, which will focus on “the challenges and benefits of financial innovation,” according to the committee announcement.

Jeremy Allaire, the CEO of Circle, Sam Bankman-Fried, CEO of FTX Trading, Chad Cascarilla, CEO of Paxos, and Dennelle Dixon, CEO of the Stellar Development Foundation, will also be witnesses at the hearing.

Also testifying will be Brian Brooks, the current CEO of Bitfury, who previously served as a top banking regulator under the Trump administration.


Mass shootings are all but unheard of just a few decades ago,” Daniel said. “So what changed? Not the firearms … I believe our nation’s response needs to focus not on the type of gun but on the type of persons who are likely to commit mass shootings.”

During his testimony, Daniel said he wanted to reduce violent crime.
He said that the hearing focused on a weapon, the AK-15, that is responsible for less than 4% of homicides.

Killoy began his testimony by discussing his corporation’s safety practices, then defended the right to gun possession despite the push by some in Congress for further restrictions and reforms.

“We firmly believe it’s wrong to deprive citizens of their constitutional right because of the criminal acts of wicked people. The firearm, any firearm, can be used for good or evil,” Killoy said.

Some progressives have become increasingly skeptical of cryptocurrency and the risks they may pose, with Senator Elizabeth Warren, among others, calling for a regulatory crackdown on the volatile sector.

Alesia Haas, the CFO of Coinbase Global, will be among witnesses at the hearing, which will focus on “the challenges and benefits of financial innovation,” according to the committee announcement.

Jeremy Allaire, the CEO of Circle, Sam Bankman-Fried, CEO of FTX Trading, Chad Cascarilla, CEO of Paxos, and Dennelle Dixon, CEO of the Stellar Development Foundation, will also be witnesses at the hearing.

Also testifying will be Brian Brooks, the current CEO of Bitfury, who previously served as a top banking regulator under the Trump administration.

Crypto ceos will testify us panel-c40

The top officials of eight major cryptocurrency firms like Coinbase Global Inc, Paxos and FTX trading will testify before the US House Financial Services Committee on Dec. 8, the panel announced on Wednesday.

This will be the first time that executives from the rapidly growing cryptocurrency markets will testify before lawmakers, discuss how to regularize the new financial product and grapple with its implications in the market. Jeremy Allaire, the CEO of Circle and Dennelle Dixon, CEO of the Stellar Development Foundation will be among those testifying.

Senator Elizabeth Warren, among others, has called for a governmental crackdown on the volatile sector, as some progressives have grown increasingly sceptical of Bitcoin and the hazards it may offer.

Crypto ceos will testify us panel-c42

Some progressives have become increasingly skeptical of cryptocurrency and the risks they may pose, with Senator Elizabeth Warren, among others, calling for a regulatory crackdown on the volatile sector.

Alesia Haas, the CFO of Coinbase Global, will be among witnesses at the hearing, which will focus on “the challenges and benefits of financial innovation,” according to the committee announcement.

Jeremy Allaire, the CEO of Circle, Sam Bankman-Fried, CEO of FTX Trading, Chad Cascarilla, CEO of Paxos, and Dennelle Dixon, CEO of the Stellar Development Foundation, will also be witnesses at the hearing.

Also testifying will be Brian Brooks, the current CEO of Bitfury, who previously served as a top banking regulator under the Trump administration.

Crypto ceos will testify us panel-q24

It is clear that gun-makers are not going to change unless Congress forces them to finally put people over profits,” Maloney said.

Gun companies have seen revenues of more than $1 billion over the last 10 years, according to a new report from Democrats on the House Oversight Committee on the five major gun manufacturers’ sales and marketing of AR-15-style rifles.

The two CEOs who spoke Wednesday, Marty Daniel of Daniel Defense and Christopher Killoy of Sturm, Ruger & Company, Inc., both pushed back when asked if they felt they had responsibility for recent mass shootings, such as those in Uvalde, Texas; Highland Park, Illinois; and Buffalo, New York, among others, given that the weapons their companies make are often used in such massacres.

“I believe that these murders are a local problem that have to be solved locally,” Daniel said.

Ruger & Company if they would condemn the practice of marketing to far-right extremist groups.

Both CEOs said they were unaware of her specific instances, but “we do not tolerate racism or white supremacy,” Killoy said.

Busse, the former industry professional, said he would push back on the idea that gun laws don’t work — citing Uvalde and Buffalo, both cases in which the shooters waited until they were 18 years old to lawfully purchase their guns.

In the wake of those killings, Democrats renewed calls to raise the minimum age to buy assault-style weapons.

“The fact is that the laws impact the way people purchase and use guns and we need to as a responsible society and you as a governing body need to take that into account,” Busse said.

In closing remarks, Comer, the ranking Republican, thanked the manufacturers for continuing to do business in the U.S.

Sam Bankman-Fried of FTX to testify on ‘Digital Assets and the Future of Finance’

Sam Bankman-Fried, the CEO of FTX, a leading cryptocurrency derivatives platform, is one of the key witnesses on the US House Committee on Financial Services list.

Congresswoman Maxine Waters, Chairman of the committee, has invited CEOs of Circle, FTX, Bitfury, Paxos, Stellar Development Foundation and Coinbase Inc. to testify at the full hearing.

The committee’s agenda is to focus on fairness, protecting consumers and investors, holding large financial institutions and emerging tech products and services accountable for the protection of consumers and investors.

Chairwoman Maxine Waters has made it a practice to organize committee hearings and call upon CEOs of major financial institutions.

All committee hearings are live-streamed.

In the hybrid committee hearing on December 8, CEOs and attendees will take up the topic,“Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States.”

Witness List: • Jeremy Allaire, CEO, @circlepay • Sam Bankman-Fried, CEO, @ftx_us • Brian Brooks, CEO, @BitfuryGroup • Chad Cascarilla, CEO, @PaxosGlobal • Denelle Dixon, CEO, @StellarOrg Development Foundation • Alesia Haas, CEO, @coinbase Inc. & CFO, Coinbase Global Inc.

— U.S. House Committee on Financial Services (@FSCDems) December 1, 2021

In hybrid hearings, members and witnesses are allowed to participate remotely or in person.

Chairwoman Waters has been an outspoken critic of cryptocurrencies due to the unregulated nature of the asset.
Witnesses on Chairwoman Waters’ list are keen on stricter cryptocurrency regulation.

The top executives of eight major cryptocurrency firms, including Coinbase Global Inc , will testify before the U.S. House Financial Services Committee on Dec. 8, the panel announced on Wednesday.
The hearing marks the first time major players in the rapidly growing crypto markets will testify before lawmakers, as policymakers grapple with the implications of the new financial product and how to best regulate it.

Some progressives have become increasingly skeptical of cryptocurrency and the risks they may pose, with Senator Elizabeth Warren, among others, calling for a regulatory crackdown on the volatile sector.

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