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US House Panel to Weigh FTX Proposal on Clearing Customers’ Swaps Trades

As the CFTC is still considering FTX.US' application, lawmakers will examine the potential trend at hearing.

The House Committee on Agriculture led by Rep. David Scott (D-Ga.) is set for a May 12 hearing to discuss FTX's effort to directly clear customers' swaps trading. (Bill O'Leary-Pool/Getty Images)
The House Committee on Agriculture led by Rep. David Scott (D-Ga.) is set for a May 12 hearing to discuss FTX's effort to directly clear customers' swaps trading. (Bill O'Leary-Pool/Getty Images)