Lawmaker Pleads With Sam Bankman-Fried to Attend Congress Hearing on FTX — SBF Says He’ll Testify When He’s Ready


Congresswoman Maxine Waters, chair of the House Committee on Financial Products and services, has politely questioned former FTX CEO Sam Bankman-Fried (SBF) to go to a congressional hearing on the collapse of his cryptocurrency exchange. Bankman-Fried suggests he will testify when he has completed “learning and reviewing what transpired.”

Bankman-Fried Responds to Rep. Waters’ Invitation

The U.S. Home Committee on Economic Products and services will maintain a congressional listening to on the collapse of crypto exchange FTX on Dec. 13. Congresswoman Maxine Waters (D-CA), the committee’s chair, has been attempting to get previous FTX CEO Sam Bankman-Fried (SBF) to attend the listening to. Even so, as an alternative of issuing a subpoena for him to testify, Waters politely questioned him on Twitter Friday.

“We enjoy that you’ve been candid in your discussions about what happened at FTX. Your willingness to converse to the community will help the company’s buyers, buyers, and many others. To that finish, we would welcome your participation in our listening to on the 13th,” she tweeted.

Bankman-Fried responded to Waters on Twitter Saturday:

When I have concluded discovering and examining what took place, I would feel like it was my duty to show up ahead of the committee and describe. I’m not absolutely sure that will take place by the 13th. But when it does, I will testify.

Waters Insists SBF Have to Attend Upcoming Week’s Hearing

Congresswoman Waters responded to Bankman-Fried Monday: “Based on your purpose as CEO and your media interviews over the previous couple of weeks, it’s crystal clear to us that the details you have so much is adequate for testimony.” In a follow-up tweet, she wrote:

As you know, the collapse of FTX has harmed in excess of 1 million people today. Your testimony would not only be meaningful to customers of Congress, but is also vital to the American folks.

Waters pressured: “It is essential that you go to our listening to on the 13th, and we are keen to program ongoing hearings if there is additional information and facts to be shared later.”

At the time of writing, Bankman-Fried has not replied to Waters further.

Quite a few individuals on social media criticized Waters for her politeness towards Bankman-Fried. A range of persons urged the lawmaker to cease asking SBF properly on social media and difficulty a subpoena to pressure him to testify.

Nevertheless, some suspect that Waters is polite to Bankman-Fried because the previous FTX boss was the 2nd-major donor to the Democratic Bash in the course of the 2021-22 election cycle. According to Opensecrets, he donated $39,884,256 to Democrats prior to FTX imploded and had to file for individual bankruptcy. Nevertheless, Tesla CEO and Twitter chief Elon Musk thinks that SBF’s real guidance to Democrats was more than $1 billion.

What do you believe about how Rep. Maxine Waters asked Bankman-Fried to attend her congressional listening to? Let us know in the comments section down below.

Kevin Helms

A college student of Austrian Economics, Kevin observed Bitcoin ( $65,393.00 ) in 2011 and has been an evangelist at any time given that. His interests lie in Bitcoin ( $65,393.00 ) safety, open-resource techniques, network outcomes and the intersection amongst economics and cryptography.

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