Maxine Waters Criticized for Praising SBF — Lawmaker Says ‘We Appreciate That You’ve Been Candid’

Congresswoman Maxine Waters has been heavy criticized for saying that she appreciates erstwhile FTX CEO Sam Bankman-Fried (SBF) being candid successful his discussions astir the illness of his crypto exchange, FTX. “SBF has not, successful fact, been candid successful his discussions. He committed fraud, afloat stop,” 1 professional stressed.

Maxine Waters Slammed for Appreciating Sam Bankman-Fried

Congresswoman Maxine Waters (D-CA), chairwoman of the House Committee connected Financial Services, was slammed connected societal media aft she tweeted her appreciation to erstwhile FTX CEO Sam Bankman-Fried (SBF) Friday.

Waters is starring a legislature proceeding connected the illness of crypto speech FTX, which volition statesman connected Dec. 13. The lawmaker wrote: “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.”

Many radical rapidly pointed retired to Waters that the erstwhile FTX main enforcement is simply a fraud and should beryllium arrested connected sight. Some radical person adjacent compared Bankman-Fried and the FTX implosion to Bernie Madoff’s Ponzi scheme.

“If you don’t apprehension him I volition person mislaid each religion successful our authorities being the tiniest spot of just,” bitcoin proponent Dan Held replied to Waters.

Lawyer Jake Chervinsky responded to the congresswoman: “Rep. Waters, we admit that you’re holding a proceeding connected the 13th, and we look guardant to substantive fact-finding astir what happened astatine FTX.” He added:

I americium definite that factfinding volition amusement that SBF has not, successful fact, been candid successful his discussions. He committed fraud, afloat stop.

However, galore radical are not amazed by Waters’ tweet fixed her bully relations with Bankman-Fried. At the decision of a legislature proceeding past year, she adjacent appeared to beryllium blowing kisses astatine SBF. Some radical besides pointed retired that the erstwhile FTX enforcement gave $300K to Waters’ committee members.

Sam Bankman-Fried (center-left) and Rep. Maxine Waters (center-right). Source: Twitter.

Crypto speech FTX collapsed and filed for bankruptcy connected Nov. 11. An estimated 1 cardinal customers and investors mislaid billions of dollars successful the meltdown. FTX is presently being investigated by authorities successful aggregate jurisdictions. In the U.S., the Department of Justice (DOJ), the Securities and Exchange Commission (SEC), and different regulators are investigating the speech for mishandling lawsuit funds, among different charges.

Jeremy Hogan, a spouse astatine Hogan & Hogan, told Waters:

You, arsenic the chairwoman (or the Committee itself), tin conscionable subpoena him to testify. No request to inquire nicely connected Twitter. It’s House Rule XI clause 2(m). But I’m definite you already knew that.

Bankman-Fried 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 the connection by Rep. Maxine Waters astir Bankman-Fried and bash you deliberation she should pb the probe into the illness of FTX? Let america cognize successful the comments conception below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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