The House Oversight Subcommittee on Economic and Consumer Policy is the latest group of lawmakers calling for more information about the collapse of FTX_Official. LizKNapolitano reports
“[The subcommittee] is seeking detailed information on the significant liquidity issues faced by FTX, the company’s abrupt decision to declare bankruptcy, and the potential impact of these actions on customers who used your exchange,” Krishnamoorthi continued.Krishnamoorthi's action comes on the heels of the House Financial Services Committee's announcement that a hearing about FTX's collapse will be held next month.
Krishnamoorthi’s subcommittee has set a Dec. 1 deadline for the submission of the requested documents and information. The window into at least a Democratic-led probe in the House is a narrow one as the Republicans are set to become a majority there in January.
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