(On GME: based on options chain as of right now, my educated guess of Friday closing price is 160.XX....but the pattern is still holding regarding my March post of closing price always landing where it ultimately keeps the most options worthless)
Media has been pretty quiet about the hearings for some reason. It's at 12pm ET. Link here, with yt stream embedded: https://financialservices.house.gov/...EventID=407748
Interestingly, the link includes some bullet points on what appears to be proposed legislation in the works:
Legislation
H.R. ____, the "Capital Markets Engagement and Transparency Act of 2021."
H.R. ____, to amend the Investment Advisers Act of 1940 to limit the exemption provided for family offices from the definition of an investment adviser to those family offices with less than $750,000,000 in assets under management and for other purposes.
H.R. ____, to require the Securities and Exchange Commission to carry out a study on the impact of the gamification of online trading platforms, and for other purposes.
H.R. ____, to amend the Securities Act of 1934 to establish certain requirements with respect to retail investor options trading, and for other purposes.
H.R. ____, to amend the Securities Exchange Act of 1934 to prohibit payment for order flow.
H.R. ____, to amend the Securities Exchange Act of 1934 to prohibit trading ahead by market makers, and for other purposes.
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