On February 18, the House Committee on Financial Services held a hearing on the events surrounding the GameStop trading frenzy that took place in late January.
The FactsDuring the hearing, which lasted more than five hours, Waters' questions were directed at Tenev and Griffin, and included topics such as Robinhood's liquidity, a previous dispute between Robinhood and the Securities and Exchange Commission, and the significance of Citadel's role in the market.
At no point did Waters inquire about the possibility of refunds for money lost in the stock market. In Waters opening statement, she said the focus of the hearing would be to determine how the witnesses contributed to"the market volatility surrounding GameStop and other stocks." She said,"Many Americans feel that the [trading] system is stacked against them and, no matter what, Wall Street always wins."Read more: Newsweek »
MicroStrategy CEO says bitcoin will one day have $100 trillion market value even as price dives
Bitcoin's volatility will fall as it grows to become a 'stabilizing influence' for the entire global financial system, MicroStrategy CEO Michael Saylor told CNBC.
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