Former SEC chair details what to expect from Bankman-Fried's December 13 Congress hearing

Former Securities Exchange Commission (SEC) chair Jay Clayton has shared what is likely to happen when ex-FTX crypto exchange CEO Sam Bankman-Fried (SBF) appears before Congress on December 13. 

Timeline of Fintrux-network

FTX has sought to integrate brokerage services internally to fulfill trades automatically, however, CFTC has called for greater scrutiny of the demand as it would lead to a monopoly of big players.

The CFTC roundtable does not mention FTX by name, but the crypto exchange's proposal to disintermediate its clearing process is driving the discussion. The post As it weighs FTX proposal, CFTC announces a roundtable on disintermediation appeared first on The Block.