United States lawmakers with the Senate Banking Committee have introduced three witnesses scheduled to seem earlier than a listening to scheduled on Feb. 14.

On the time of publication, the U.S. Senate Banking Committee’s listening to titled ‘Crypto Crash: Why Monetary System Safeguards are Wanted for Digital Belongings’ had witnesses including Vanderbilt College regulation professor Yesha Yadav, Duke Monetary Economics Heart coverage director Lee Reiners, and Linda Jeng, a lecturer at Georgetown College Legislation Heart’s Institute for Worldwide Financial Legislation. The listening to might be one of many first within the 118th session of the U.S. Congress exploring the regulation of cryptocurrencies following a 2022 market crash and the collapse of main exchanges together with FTX.

The crypto advocacy group Crypto Council for Innovation, or CCI, introduced Jeng would turn out to be its chief international regulatory officer and normal counsel in July 2022. She additionally beforehand labored in an identical function on the Circle- and Coinbase-founded Centre Consortium. In accordance with a CCI spokesperson, Jeng might be testifying beneath her professorship moderately than as a consultant of the crypto advocacy group.

As a former regulator, I strongly consider within the vital mission of regulators to guard customers and guarantee monetary stability. However the latest wave of banking company statements is worrying for the way forward for the US monetary s…https://t.co/yCcKYoGL05 https://t.co/fcv3xoGtWq

— Linda Jeng (@LindaJeng1) February 3, 2023

U.S. lawmakers might be gathering to debate occasions within the crypto house and potential regulatory options for the primary time in two months following a listening to exploring the collapse of FTX. That Dec. 14 listening to featured testimony from Hollywood star and outspoken crypto critic Ben McKenzie, regulation professor Hilary Allen, Shark Tank star Kevin O’Leary and the Cato Institute’s Jennifer Schulp.

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Former FTX CEO Sam Bankman-Fried was initially scheduled to seem at a Home Monetary Providers Committee on Dec. 13, however he was arrested within the Bahamas earlier than he may fulfill that promise. The trade’s present CEO, John Ray, was the only real witness on the listening to, and later testified beneath oath at an FTX chapter listening to on Feb. 6.

Cointelegraph reached out to the Crypto Council for Innovation and Linda Jeng, however didn’t obtain a response on the time of publication.