The Senate Banking Committee considered testimony on regulatory responses in the wake of the FTX bankruptcy.
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The U.S. House Committee on Financial Services marked up and passed bills on special purpose acquisition companies, broker-dealer and investment adviser mandatory arbitration clauses in customer agreements, and hiring practices.
The House Financial Services Committee considered measures to increase diversity in regulated institutions.
Senate Committee on Banking, Housing and Urban Affairs member Mike Rounds introduced six bills intended to reduce regulatory burdens for investors and small businesses.
The U.S. Senate Committee on Banking considered testimony from industry experts on the challenges, benefits and potential future development of FinTech.