U.S. lawmakers call on Sam Bankman-Fried to testify over FTX collapse

Yahoo Finance Video

16 November 2022 at 12:41 pm

Yahoo Finance's Julie Hyman discusses reports that House lawmakers have announced a hearing to investigate the collapse of crypto exchange FTX.

Video transcript

[AUDIO LOGO]

JULIE HYMAN: And to breaking news now, we continue to follow the fallout from the collapse of FTX. We've got some headlines just crossing that House lawmakers are calling on founder Sam Bankman-Fried and other executives to testify on Capitol Hill in December. Those calls being made by the House Financial Services Chair Maxine Waters and Republican Patrick McHenry as well. They are planning to hold a rare bipartisan hearing on that. And so that's what we are watching here for it. It just widens the scrutiny of Bankman-Fried.

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