Congresswoman Maxine Waters, chair of the Home Committee on Monetary Companies, has politely requested former FTX CEO Sam Bankman-Fried (SBF) to attend a congressional listening to on the collapse of his cryptocurrency trade. Bankman-Fried says he’ll testify when he has completed “studying and reviewing what occurred.”
Bankman-Fried Responds to Rep. Waters’ Invitation
The U.S. Home Committee on Monetary Companies will maintain a congressional listening to on the collapse of crypto trade FTX on Dec. 13. Congresswoman Maxine Waters (D-CA), the committee’s chair, has been making an attempt to get former FTX CEO Sam Bankman-Fried (SBF) to attend the listening to. Nevertheless, as a substitute of issuing a subpoena for him to testify, Waters politely requested him on Twitter Friday.
“We admire that you just’ve been candid in your discussions about what occurred at FTX. Your willingness to speak to the general public will assist the corporate’s prospects, traders, and others. To that finish, we might welcome your participation in our listening to on the thirteenth,” she tweeted.
Bankman-Fried responded to Waters on Twitter Saturday:
As soon as I’ve completed studying and reviewing what occurred, I might really feel prefer it was my responsibility to seem earlier than the committee and clarify. I’m undecided that may occur by the thirteenth. However when it does, I’ll testify.
Waters Insists SBF Should Attend Subsequent Week’s Listening to
Congresswoman Waters responded to Bankman-Fried Monday: “Primarily based in your function as CEO and your media interviews over the previous few weeks, it’s clear to us that the data you’ve got to this point is ample for testimony.” In a follow-up tweet, she wrote:
As you recognize, the collapse of FTX has harmed over a million folks. Your testimony wouldn’t solely be significant to members of Congress, however can be important to the American folks.
Waters harassed: “It’s crucial that you just attend our listening to on the thirteenth, and we’re keen to schedule continued hearings if there may be extra info to be shared later.”
On the time of writing, Bankman-Fried has not replied to Waters additional.
Many individuals on social media criticized Waters for her politeness in the direction of Bankman-Fried. A variety of folks urged the lawmaker to cease asking SBF properly on social media and subject a subpoena to drive him to testify.
Nevertheless, some suspect that Waters is well mannered to Bankman-Fried as a result of the previous FTX boss was the second-largest donor to the Democratic Occasion in the course of the 2021-22 election cycle. Based on Opensecrets, he donated $39,884,256 to Democrats earlier than FTX imploded and needed to file for chapter. Nevertheless, Tesla CEO and Twitter chief Elon Musk believes that SBF’s precise assist to Democrats was over $1 billion.
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