Share this article
Crypto CEOs to Testify Before House Financial Services Committee
FTX’s Sam Bankman-Fried, Bitfury’s Brian Brooks and Circle’s Jeremy Allaire are among the executives who will speak at the Dec. 8 hearing.
By James Rubin
Updated May 11, 2023, 5:25 p.m. Published Dec 2, 2021, 5:53 p.m.
CEOs from six major cryptocurrency companies will testify at a Dec. 8 hearing of the House Financial Services Committee, committee Chair Maxine Waters (D-Calif.) announced Wednesday.
- FTX’s Sam Bankman-Fried, Circle’s Jeremy Allaire, Bitfury’s Brian Brooks, Paxos’ Charles Cascarilla, Stellar Development Foundation’s Denelle Dixon and Coinbase’s Alesia Haas will speak at the session entitled “Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States.”
- Waters has been an outspoken critic of crypto largely because of its unregulated nature.
- In June, she announced that she was forming a group of Democrat House members to tackle growing concerns about cryptocurrency.
- Bankman-Fried, the CEO of the crypto derivatives exchange FTX, said in September that tighter regulation of crypto exchanges would have positive effects for investors.
- Brooks, who took over as CEO of the mining company Bitfury in November, was the acting comptroller of the Office of the Comptroller of the Currency (OCC), the regulator for U.S. national banks, between May 2020 and January 2021. He also had a brief stint as CEO of the crypto exchange Binance’s U.S. arm.
STORY CONTINUES BELOW
Read more: Crypto Learns to Play the DC Influence Game
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Citadel Securities and DeFi Waging War of Words Through SEC Correspondence
The investing giant had asked the U.S. Securities and Exchange Commission to treat DeFi players like regulated entities, and the DeFi crowd pushed back.
What to know:
- A feud conducted over U.S. Securities and Exchange Commission (SEC) correspondence has developed between Citadel Securities and the DeFi sector, arguing over whether DeFi protocols should be more regulated.
- The DeFi space is calling out the investment firm for its approach to the securities regulator.
Top Stories
