House Financial Services Committee

John J. Ray III, FTX's replacement CEO said in testimony before the U.S. House Financial Services Committee, "This is really old-fashioned embezzlement ... This is just taking money from customers and using it for your own purpose." Freshfields Bruckhaus Deringer Partner Timothy Howard breaks down the latest legal developments, citing his experience working at the United States Attorney’s Office for the Southern District of New York.

Dis 13, 2022

In Sam Bankman-Fried's prepared testimony he planned to deliver to the U.S. House Financial Services Committee Tuesday morning, he said "I would like to start by formally stating, under oath: I f---ed up," according to multiple published reports. "The Hash" panel discusses what to make of Bankman-Fried's remarks.

Dis 13, 2022

By Nathaniel WhittemoreDis 10, 2022

Sam Bankman-Fried, former CEO of bankrupt crypto exchange FTX, has said in a tweet that he'll testify before the House Financial Services Committee at a Dec. 13 hearing. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses what to expect from the meeting and insights on SEC's letter that urges companies to disclose crypto damage to investors.

Dis 9, 2022

Genesis Global Trading's lending arm is temporarily suspending redemptions and new loan originations. Singapore's state investment fund Temasek is preparing to write off between $200 million and $300 million invested in FTX. The House Financial Services Committee will hold a hearing into FTX next month. Sam Bankman-Fried, Tom Brady and other FTX promoters have been sued. Genesis and CoinDesk both operate under Digital Currency Group.

Nob 16, 2022

Congresswoman Maxine Waters (D-Calif.), chairwoman of the House Committee on Financial Services, alongside several other House democrats on the committee, wrote to the 20 largest crypto companies operating in the U.S. requesting details on their diversity and inclusion practices. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the details.

Ago 5, 2022

CoinDesk Managing Editor for Global Policy and Regulation Nikhilesh De discusses the upcoming speech from Treasury Secretary Janet Yellen regarding cryptocurrencies, noting President Biden’s recent executive order and an upcoming meeting in the House Financial Services Committee. Plus, a conversation on how Elon Musk’s new board seat at Twitter could raise issues with the SEC.

Abr 6, 2022

CoinDesk Managing Editor for Global Policy and Regulation Nikhilesh De joins “First Mover” to discuss the upcoming House Financial Services Committee hearing on central bank digital currencies (CDBCs). Plus, a conversation on U.S. Rep. Tom Emmer’s letter to SEC Chair Gary Gensler regarding the process for investigating crypto companies.

Mar 21, 2022

CEOs from six major crypto firms spoke before the U.S. House Financial Services Committee to share their opinions on regulation. CoinDesk’s Nikhilesh De discusses the key takeaways and reacts to comments made by Circle CEO Jeremy Allaire, FTX CEO Sam Bankman-Fried, and Rep. Brad Sherman (D-Calif.) on crypto regulations.

Dis 9, 2021

The House Financial Services Committee is hosting six crypto executives, including Circle CEO Jeremy Allaire, FTX CEO Sam Bankman-Fried, and Coinbase Inc. CEO Alesia Haas today in a wide-ranging hearing on digital assets and stablecoins. “The Hash” panel discusses what to expect and the potential impact on the U.S. crypto regulatory landscape.

Dis 8, 2021