The Block Crypto reported:
The House Financial Services Committee will host a hearing titled "Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States."
The witnesses are CEOs from leading crypto firms: Circle's Jeremy Allaire, FTX's Sam Bankman-Fried, Bitfury's Brian Brooks, Paxos' Chad Cascarilla, Stellar's Denelle Dixon and Coinbase's Alesia Haas.
Carlyle Group co-founder David Rubenstein personally invested in Paxos via his family office, Declaration Partners. As host of a Bloomberg podcast Rubenstein remains bullish on cryptocurrencies while some of his guests call them "eventually worthless."
Politicians Red and Blue take phone calls from David Rubenstein. This is the same David Rubenstein that hosted President Joe Biden at his Nantucket estate for the fourth or fifth time. Biden said he paid Rubenstein for the use of his billionaire retreat. Did he use Paxos as an intermediary?
Update 5-27-22 Paxos received a federal trust charter from the Office of the Comptroller of the Currency. Paxos National Trust entity is a federally regulated entity offering custody services, stablecoin management, payment, exchange and other services. It is different from New York Department of Financial Services-chartered Paxos Trust Co.
