US CFTC’s Behnam Will Testify at FTX Hearing in Senate

The Agriculture Committee announced the hearing the same day it published a defense of the Digital Commodities Consumer Protection Act, a bill supported by Bankman-Fried. Industry participants have expressed concern over whether the bill might harm decentralized finance (DeFi) projects. Meanwhile, the committee said Monday that regulated entities under the FTX umbrella were able to weather the exchange’s collapse.