Top executives from the cryptocurrency sector are scheduled to participate in a hearing in the US House of Representatives on December 8 on "Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation," Finance Committee head Maxine Waters has revealed.
Participants include Circle CEO Jeremy Allaire, FTX CEO Sam Bankman-Fried, Bitfury CEO Brian Brooks, Paxos CEO Charles Cascarilla, Stellar Development Foundation CEO Denelle Dixon and Coinbase Global CFO Alesia Haas.
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Waters is committed to protecting investors and consumers by holding tech giants accountable. In June, under her leadership, a crypto task force was created.
Waters has previously expressed her concern about the Diem Association (Libra Association) project on several occasions. In June 2019, the congresswoman demanded Facebook to suspend the development of its digital currency, and two months later presented a work plan for further study.
In 2020 Waters asked the administration of Joe Biden to withdraw the decisions of the Office of the Comptroller of the Treasury of the US Treasury regarding cryptocurrencies and stablecoins.