LIVE: Crypto Executives Testify to House Lawmakers

Chief executives of major cryptocurrency firms stepped into the glare of congressional scrutiny for the first time on Wednesday, testifying at a hearing that could help further legitimize the burgeoning industry but showed the difficulties officials face in policing digital coins. Leaders of Circle Internet Financial Inc., the FTX derivatives exchange, Coinbase Global Inc. and other firms endured a battery of questions on how their businesses should be regulated, and the executives answered without getting into controversial arguments. Still, the clear partisan divisions that emerged between lawmakers showed that the Follow live coverage: Subscribe to our YouTube channel: Subscribe to our newest channel Quicktake Explained: Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. M