Congress homes in on FTX's proposal for a new derivatives system in a hearing with the chair of the CFTC.
A leader of US financial regulation has defended his agency's work with crypto exchange FTX in a Congressional hearing, which will apparently be the subject of yet another hearing in May.before the House Agriculture Committee on March 31 in a hearing entitled"The State of the CFTC."
"I would just assure you and this committee that as we are considering and contemplating the FTX proposal that we are doing it cautiously, we are doing it deliberately and patiently," Behnam responded."Despite the novelty, as chairman, I feel I have the responsibility to give every stakeholder and every market participant an opportunity to share their views and to present their ideas that they have to the market.
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