ftx FTX Founder Bankman-Fried Declines to Testify at Upcoming Congressional Hearing Sam Bankman-Fried states he is unlikely to testify at the December 13 House Financial Services Committee hearing regarding the FTX collapse. He claims he still needs time to learn and review what happened at the failed crypto exchange.
maxine waters Maxine Waters Demands Facebook Halt Its Cryptocurrency Plans House Financial Services Chair Maxine Waters publicly calls on Facebook to pause development of its controversial cryptocurrency project. She argues that the company needs to address serious regulatory concerns before moving forward.
facebook Lawmakers Demand Halt to Facebook's New Libra Cryptocurrency Congress reacts angrily to Facebook's unveiled Libra cryptocurrency, demanding a moratorium and hearings. The digital currency faces immediate regulatory pushback over data privacy and oversight concerns.
libra US Congress Chairwoman Demands Halt to Facebook's Libra Cryptocurrency A high-ranking US Congress member calls for a moratorium on Facebook's Libra project until lawmakers can properly review the cryptocurrency's privacy and regulatory implications. Facebook indicates it plans to move forward despite the unresolved privacy concerns.