Maxine Waters announced that CEOs at US crypto firms would speak in a hearing on digital assets and the future of finance, according to a report by CoinTelegraph on Wednesday.

  • Waters stated that Circle CEO Jeremy Allaire, FTX CEO Sam Bankman-Fried, Bitfury CEO Brian Brooks, Paxos CEO Chad Cascarilla, Stellar Development Foundation CEO Denelle Dixon, and Alesia Haas, the CEO of Coinbase and CFO of Coinbase Global, will be a witness at the committee hearing on Dec. 8.
  • The hearing is the latest effort from the U.S. Congress to determine the challenges of adopting crypto assets.
  • Meanwhile, Senate Banking Committee chair Sherrod Brown pushed for a number of crypto firms to release information about their consumer and investor protection on stablecoins.

The notices were given to Coinbase, Gemini, Paxos, TrustToken, Binance.US, Circle, Centre, and Tether asking for information by Friday signal the committee might be planning a hearing on stablecoins in the future. BTC USD down -3.09%, ETH USD down -3.43%