Today, Congressman John Rose (R-TN) commended the decision of the Chairwoman of the House Financial Services Committee, Congresswoman Maxine Waters (D-CA), and the Ranking Member of the House Financial Services Committee, Congressman Patrick McHenry (R-NC), for announcing a bipartisan hearing into the collapse of FTX and the broader consequences for the digital asset ecosystem.
Congressman John Rose released the following statement:
"The overnight collapse of FTX will have a lasting impact on consumers and the digital asset industry as a whole. The American people deserve answers, and bad actors must be held accountable to the laws and regulations meant to safeguard consumers. I appreciate Ranking Member McHenry and Chairwoman Waters for swiftly scheduling a hearing on this pressing matter, and I look forward to hearing Sam Bankman-Fried's testimony soon."