Rep. James Comer, R-Ky., Reflects on how the trial will unfold in the House on Thursday.
The GameStop hearing is hosted by the House Financial Services Committee.
The head of the panel, Representative Maxine Waters, D-California, sets her sights on hedge funds, which she says have a history of ‘predatory short sales’.
“We need to deal with the hedge funds whose unethical behavior has directly led to the recent volatility in the market,” Waters said in a statement.
Meanwhile, Senator Elizabeth Warren, D-Mass., Did not wait to combat the Robinhood trading app.
On Wednesday, Warren released a response she received from the firm on February 12 after asking for more information in a letter on why it suddenly restricted trading in some of the worst-performing stocks last month. has.
“From Robinhood’s response to my letter, it appears that the company did not have enough cash on hand to manage a boom in trade and buried important consumer rights information,” Warren said in a statement.
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Associated Press contributed to this report