Following up on the unfolding of crypto trade FTX, the Senate Banking Committee mentioned it desires Sam Bankman-Fried, the trade’s founder and former CEO, to seem in particular person subsequent week to debate the collapse of the trade. If he doesn’t voluntarily testify, the committee will subpoena him, in accordance with a letter from its leaders on Wednesday. “FTX’s collapse has induced actual monetary hurt to shoppers, and results have spilled over into different components of the crypto trade. The American folks want solutions about Sam Bankman-Fried’s misconduct at FTX,” the lawmakers mentioned in an announcement.
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