Waters is a democrat from CA.
REUTERS Michael A. McCoy/ Pool via REUTERS
Some of the industry's biggest names are going to have something different on their agenda next week.
FTX CEO Sam Bankman-Fried and Coinbase CFO Alesia Haas are set to meet with US lawmakers on December 8, as Congress seeks to ramp up its regulatory oversight over the rapidly growing space.
The list of witnesses was released by the Chair of the House Committee on Financial Services, Congresswoman Maxine Waters, ahead of her hearing next week entitled "Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States."
Circle CEO Jeremy Allaire is expected to attend along with other executives.
Waters has held big technology firms accountable since she became chair. The committee held hearings on the central bank digital currencies in July of 2021, and on the ongoing cryptocurrencies frenzy in June of 2021.
The Digital Assets Working Group of Democratic Members was formed in June to meet with experts and government officials to learn about the challenges and promise of digital assets.
Democrats, with Senator Elizabeth Warren as one of the most outspoken, want stricter oversight as opposed to Republicans.
The chair of the US Securities and Exchange Commission once again stated his opinion on the subject.
Business Insider has an original article.
