FTX Collapse Draws Senate Hearing Scrutiny as Lawmakers Push for Crypto Oversight

  1. tldr; CFTC Chairman Rostin Behnam is scheduled to testify before the Senate Agriculture Committee on a bill that would regulate trading of crypto assets including bitcoin.

  2. "FTX had acquired a U.S. exchange, LedgerX, which is registered with the CFTC to offer bitcoin and ether derivatives to traders."

  3. I feel more government oversight will be a double edged sword. We will see more bureaucracy/red-tape which can be a pain to navigate. But, the oversight should help prevent similar situations like FTX.

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