Will the house look into FTX's actions?

The House will look into FTX's actions. The US House of Representatives Financial Services Committee will hold a hearing about the bankruptcy filing of crypto exchange FTX in December, the committee announced Wednesday. The hearing will investigate the collapse of FTX, as well as the ramifications of the company filing for bankruptcy.

Are lawmakers working on cryptocurrency legislation after FTX collapse?

U.S. Senate Agriculture Committee Chair Debbie Stabenow told Reuters on Wednesday thatlawmakers are working through details of cryptocurrency legislation after the FTX collapse. "We certainly want to move as fast as we can," Stabenow said, adding lawmakers "are working on final language."

What will the FTX committee look for?

It will also look into the ecosystem of digital assets, which has minimal government regulations. The committee plans to hear from FTX founder and former CEO Sam Bankman-Fried, as well as from individuals from his trading firm Alameda Research and from Binance, the largest crypto exchange.

What happened to FTX?

"The fall of FTX has posed tremendous harm to over one million users, many of whom were everyday people who invested their hard-earned savings into the FTX cryptocurrency exchange, only to watch it all disappear within a matter of seconds," Financial Services Committee Chair Maxine Waters said.