Crypto Council for Innovation GC to testify at US Senate 'crypto crash' hearing

United States lawmakers with the Senate Banking Committee person announced 3 witnesses scheduled to look earlier a proceeding scheduled connected Feb. 14.

At the clip of publication, the U.S. Senate Banking Committee’s proceeding titled ‘Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets’ had witnesses including Vanderbilt University instrumentality prof Yesha Yadav, Duke Financial Economics Center argumentation manager Lee Reiners, and Linda Jeng, a lecturer astatine Georgetown University Law Center’s Institute for International Economic Law. The proceeding volition beryllium 1 of the archetypal successful the 118th league of the U.S. Congress exploring the regularisation of cryptocurrencies pursuing a 2022 marketplace clang and the illness of large exchanges including FTX.

The crypto advocacy radical Crypto Council for Innovation, oregon CCI, announced Jeng would become its main planetary regulatory serviceman and wide counsel successful July 2022. She besides antecedently worked successful a akin relation astatine the Circle- and Coinbase-founded Centre Consortium. According to a CCI spokesperson, Jeng volition beryllium testifying nether her professorship alternatively than arsenic a typical of the crypto advocacy group.

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U.S. lawmakers will beryllium gathering to sermon events successful the crypto abstraction and imaginable regulatory solutions for the archetypal clip successful 2 months pursuing a proceeding exploring the illness of FTX. That Dec. 14 proceeding featured grounds from Hollywood star and outspoken crypto professional Ben McKenzie, instrumentality prof Hilary Allen, Shark Tank prima Kevin O'Leary and the Cato Institute’s Jennifer Schulp.

Related: Senate Banking Committee’s priorities for caller Congress see crypto: Report

Former FTX CEO Sam Bankman-Fried was primitively scheduled to look astatine a House Financial Services Committee connected Dec. 13, but helium was arrested successful the Bahamas earlier helium could fulfill that promise. The exchange’s existent CEO, John Ray, was the sole witnesser astatine the hearing, and aboriginal testified nether oath astatine an FTX bankruptcy proceeding connected Feb. 6.

Cointelegraph reached retired to the Crypto Council for Innovation and Linda Jeng, but did not person a effect astatine the clip of publication.