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

Congresswoman Maxine Waters, seat of the House Committee connected Financial Services, has politely asked erstwhile FTX CEO Sam Bankman-Fried (SBF) to be a legislature proceeding connected the illness of his cryptocurrency exchange. Bankman-Fried says helium volition attest erstwhile helium has finished “learning and reviewing what happened.”

Bankman-Fried Responds to Rep. Waters’ Invitation

The U.S. House Committee connected Financial Services volition clasp a legislature proceeding connected the illness of crypto speech FTX connected Dec. 13. Congresswoman Maxine Waters (D-CA), the committee’s chair, has been trying to get erstwhile FTX CEO Sam Bankman-Fried (SBF) to be the hearing. However, alternatively of issuing a subpoena for him to testify, Waters politely asked him connected Twitter Friday.

“We admit that you’ve been candid successful your discussions astir what happened astatine FTX. Your willingness to speech to the nationalist volition assistance the company’s customers, investors, and others. To that end, we would invited your information successful our proceeding connected the 13th,” she tweeted.

Bankman-Fried responded to Waters connected Twitter Saturday:

Once I person finished learning and reviewing what happened, I would consciousness similar it was my work to look earlier the committee and explain. I’m not definite that volition hap by the 13th. But erstwhile it does, I volition testify.

Waters Insists SBF Must Attend Next Week’s Hearing

Congresswoman Waters responded to Bankman-Fried Monday: “Based connected your relation arsenic CEO and your media interviews implicit the past fewer weeks, it’s wide to america that the accusation you person frankincense acold is capable for testimony.” In a follow-up tweet, she wrote:

As you know, the illness of FTX has harmed implicit 1 cardinal people. Your grounds would not lone beryllium meaningful to members of Congress, but is besides captious to the American people.

Waters stressed: “It is imperative that you be our proceeding connected the 13th, and we are consenting to docket continued hearings if determination is much accusation to beryllium shared later.”

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

Many radical connected societal media criticized Waters for her politeness towards Bankman-Fried. A fig of radical urged the lawmaker to halt asking SBF nicely connected societal media and contented a subpoena to unit him to testify.

However, immoderate fishy that Waters is polite to Bankman-Fried due to the fact that the erstwhile FTX brag was the second-largest donor to the Democratic Party during the 2021-22 predetermination cycle. According to Opensecrets, helium donated $39,884,256 to Democrats earlier FTX imploded and had to record for bankruptcy. However, Tesla CEO and Twitter main Elon Musk believes that SBF’s existent enactment to Democrats was implicit $1 billion.

What bash you deliberation astir however Rep. Maxine Waters asked Bankman-Fried to be her legislature hearing? Let america cognize successful the comments conception below.

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