2024-12-26T09:05:13+0000

The Senate Banking Committee on Wednesday is holding a second day of hearings this week on the downfall of cryptocurrency exchange FTX, examining how the company’s implosion could impact the nascent industry. On Tuesday, current CEO John J. Ray testified in front of the House Committee where he accused former executives, including founder and former CEO Sam Bankman-Fried, of embezzling customer funds. Witnesses testifying on Wednesday include Professor Hilary J. Allen, American University Washington College of Law; Kevin O’Leary, investor; Jennifer J. Schulp, director of financial regulation studies, Center for Monetary and Financial Alternatives, Cato Institute; and Ben McKenzie Schenkkan, actor and author. » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC #cnbctv Senate Banking hearing on the downfall of cryptocurrency exchange FTX — 12/14/222