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Huizenga Statement on FTX Collapse & Upcoming FSC Hearing

Today, Congressman Bill Huizenga (R-MI), Ranking Member of the Investor Protection, Entrepreneurship, and Capital Markets Subcommittee released the following statement after it was announced the House Committee on Financial Services would hold a hearing on the collapse of FTX.
β€œI commend Ranking Member McHenry and Chairwoman Waters for working together to make this a bipartisan endeavor,” said Congressman Bill Huizenga.  β€œTo fully understand what truly caused FTX to collapse, the committee needs to hear from disgraced former FTX CEO, Sam Bankman-Fried. Anything less will be unacceptable. Now is the time for Congress to develop a basic, rules of the road, framework that preserves innovation while protecting investors across the digital asset ecosystem. I look forward to a productive discussion that will hopefully lead to a bipartisan solution.”
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