Bankman-Fried Says He Will Testify Before US House

The transcript discusses upcoming congressional hearings on FTX, focusing on Sam Bankman-Fried's potential testimony. It highlights legislative challenges in passing crypto regulations, with some bipartisan support. The cleanup at FTX is also covered, including the potential sale of Ledger X, a valuable asset attracting interest from major crypto firms.

What is the main focus of the upcoming congressional hearings on FTX?

• To plan the future of cryptocurrency in the US

• To evaluate the impact of FTX on the stock market

• To investigate what went wrong at FTX

• To discuss new cryptocurrency regulations

What is one of the challenges mentioned in passing cryptocurrency legislation?

• Lack of public interest

• Divided Congress

• Opposition from financial institutions

• Insufficient data on cryptocurrency

Which committee chair is mentioned as being involved in the legislative efforts for cryptocurrency?

• Pat Toomey

• Maxine Waters

• Sam Bankman-Fried

• Sherrod Brown

What is Ledger X primarily known for?

• Developing blockchain technology

• Providing crypto loans

• Being a derivatives arm regulated by the CFTC

• Being a cryptocurrency exchange

How many firms have shown interest in purchasing Ledger X?

• At least 10

• At least 5

• At least 15

• At least 20