Representatives from binance, Ripple, Galaxy__Trading and CryptoUKAssoc faced tough questions from UK lawmakers Monday following the FTX collapse. camomileshumba reports
Following the FTX bankruptcy last week, executives from Binance and Ripple, among others, testified in front of the U.K. Parliament Treasury Committee.
Present were committee chair Harriet Baldwin – a conservative member of parliament – along with other members of that committee. Testifying were Daniel Trinder, vice president of government affairs of Europe at Binance, Susan Friedman, head of policy at payments network Ripple, Ian Taylor, executive director of lobby group CryptoUK and Tim Grant, head of Europe at Galaxy Digital.
“This is the exchange collapsing Ian, must feel a bit awkward coming in talking to us after last week,” Baldwin said. She also fired off other questions to the group, such as if the events surrounding FTX undermined confidence in what they do for a living. “I think it would be very wrong to tar the entire industry by this one bad apple, which happened to be a very big apple,” Grant said.
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