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Crypto Council for Innovation lawyer to testify at US Senate ‘crypto crash’ hearing

Linda Jeng will appear as a witness alongside law professor Yesha Yadav and Duke Financial Economics Center policy director Lee Reiners.

Crypto Council for Innovation lawyer to testify at US Senate ‘crypto crash’ hearing Own this piece of history

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United States lawmakers with the Senate Banking Committee have announced three witnesses scheduled to appear before a hearing on “crypto crashes” scheduled on Feb. 14.

At the time of publication, the U.S. Senate Banking Committee’s hearing titled “Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets” had witnesses including 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 session of the U.S. Congress exploring the regulation of cryptocurrencies following a 2022 market crash and the collapse of major exchanges including FTX.

The crypto advocacy group Crypto Council for Innovation, or CCI, announced Jeng would become its chief global regulatory officer and general counsel in July. She also previously worked in a similar role at the Circle- and Coinbase-founded Centre Consortium. According to a CCI spokesperson, Jeng will be testifying under her professorship rather than as a representative of the crypto advocacy group.

U.S. lawmakers will be gathering to discuss events in the crypto space and potential regulatory solutions for the first time in two months following a hearing exploring the collapse of FTX. That Dec. 14 hearing featured testimony from Hollywood star and outspoken crypto critic Ben McKenzie, law professor Hilary Allen, star Kevin O’Leary and the Cato Institute’s Jennifer Schulp.

Former FTX CEO Sam Bankman-Fried was originally scheduled to appear at a House Financial Services Committee on Dec. 13, but he was arrested in the Bahamas before he could fulfill that promise. The exchange’s current CEO, John Ray, was the sole witness at the hearing, and later testified under oath at an FTX bankruptcy hearing on Feb. 6.

The Crypto Council for Innovation and Jeng did not immediately respond to a request for comment by Cointelegraph.