In a Feb. 3 announcement, Senate Banking Committee chair Sherrod Brown said senators would convene on Feb. 14 in a hearing titled ‘Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets’. The hearing will come two months after lawmakers met and discussed the collapse of crypto exchange FTX in a Dec. 14 hearing.

As the second hearing scheduled for the Senate Banking Committee following the start of the 118th session of Congress, there will be some changes. Senator Brown will remain committee chair, but Senator Tim Scott will take over as ranking member following the departure of Pat Toomey. Scott included a crypto regulatory framework as one of his legislative priorities.