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Crypto Council for Innovation Lawyer to testify at US Senate ‘Crypto Crash’ Hearing

Linda Jeng will testify with Duke Financial Economics Center policy director Lee Reiners and law professor Yesha Yadav.

The Senate Banking Committee of the United States has identified three witnesses who would testify at a hearing on “crypto crashes” on February 14.

At the time of publishing, witnesses included Vanderbilt University law professor Yesha Yadav, Duke Financial Economics Center policy director Lee Reiners, and Linda Jeng, a lecturer at Georgetown University Law Center’s Institute for International Economic Law.

The hearing will be one of the first in the 118th Congress to look at cryptocurrency regulation in the aftermath of a 2022 market meltdown and the bankruptcy of large exchanges like as FTX.

Jeng was named chief global regulatory officer and general counsel by the crypto advocacy group Crypto Council for Innovation (CCI) in July. She formerly held a similar position at the Circle and Coinbase-founded Centre Consortium. Jeng will speak as a professor rather than as a representative of the crypto advocacy group, according to a CCI official.

Following a hearing on the collapse of FTX, US senators will convene for the first time in two months to address happenings in the crypto industry and potential legislative remedies. The hearing on December 14 featured evidence from Hollywood celebrity and outspoken crypto opponent Ben McKenzie, law professor Hilary Allen, Shark Tank star Kevin O’Leary, and Jennifer Schulp of the Cato Institute.

Former FTX CEO Sam Bankman-Fried was supposed to testify before the House Financial Services Committee on December 13, but he was jailed in the Bahamas before he could do so. The court’s lone witness was the exchange’s current CEO, John Ray, who later testified under oath during an FTX bankruptcy hearing on Feb. 6.

The Crypto Council for Innovation and Jeng did not immediately react to Cointelegraph’s request for comment.


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