On December 13, The United States House of Representatives hosted the House Financial Services Committee Hearing questioning new FTX CEO, John Ray III. It was a 3.5-hour hearing - let’s break down some of the takeaways! Subscribe! https://voskco.in/Sub Buy the best miner for passive income in 2023 - https://voskco.in/chia save money with coupon code VOSKCOIN Buy Bitcoin Apparel Here! - https://voskco.in/btcuni ⏰ Timestamps ⏰ 00:00 FTX House of Rep. Hearing 00:44 Why this hearing matters 03:10 Charges against Sam Bankman-Fried 04:13 McHenry's opinion on FTX 05:44 Why FTX collapsed 08:00 Chaos behind the scenes at FTX 11:40 Crypto is for “Terrorists” 13:47 Was the collapse a "mistake?" 15:04 SBF's written testimony 16:35 How long will it take to fix FTX? 18:46 SBF's parents received payments 19:54 Misunderstandings of crypto in congress 20:52 FTX is a failure of centralization 24:20 FTX US and FTX International status 26:10 The FTX hack & Bahamian withdrawals 28:02 Why was SBF arrested before testifying? 29:08 Is crypto the next big tech failure? 30:42 FTX Hearing breakdown FTX’s new CEO, John Ray III, was questioned by the US House of Representatives as it relates to the FTX hearings. While Mr. Ray is still limited on the data he has and can share, he did answer some questions regarding the mysterious FTX-owned bank, FTT tokens, the loans SBF issued himself, and the lack of record keeping at FTX. It appears there may be varying levels of effects the bankruptcy will have on FTX US customers and FTX.com (International) customers. We heard from numerous House members, some with great questions, others not so much. There are reps that still think crypto is just for “tax evasion,” “terrorists,” and “billionaire bros” and that crypto should be renamed to “creepydocurrency.” Can you believe these are the guys that will have a say on what kind of regulations we may see in the future? Let’s break down the key points from the hearing and what the next steps might look like for FTX and its customers. Follow us on our official social media accounts! - https://voskco.in/22 Subscribe to VoskCoin for more passive income tips! https://voskco.in/sub Follow VoskCoin on TikTok for more shorts! https://voskco.in/tiktok VoskCoin is for entertainment purposes only and is never intended to be financial investment advice. VoskCoin owns or has owned cryptocurrency and associated hardware. VoskCoin may receive donations or sponsorships in association with certain content creation. VoskCoin may receive compensation when affiliate/referral links are used. VoskCoin is home of the Doge Dad, VoskCoin is not your Dad, and thus VoskCoin is never liable for any decisions you make. #ftx #sbf #bankruptcy #cryptocurrency #voskcoin #hearing