Rep. Maxine Waters, Chairman of the House Financial Services Committee Services has politely asked former FTX CEO Sam Bankman-Fried (SBF) to attend Congressional hearings on the collapse of the cryptocurrency exchange. Bankman-Fried says he will testify when he has finished “learning and considering what happened.”
Bankman-Fried responds to Rep. Waters’ invitation
The U.S. House Financial Services Committee will hold a congressional hearing on the collapse of cryptocurrency exchange FTX on December 13. open. The chairman of the committee, Maxine Waters (D-CA), has been trying to get former FTX CEO Sam Bankman-Fried (SBF) to attend the hearing. But instead of issuing a subpoena to testify, Waters politely asked him on Twitter on Friday.
“Thank you for speaking candidly about what happened at FTX. General. Your willingness to speak with people helps our company’s customers, investors and others, and that’s why we welcome you to join us for the hearing on the 13th,” she tweeted.
Bankman-Fried replied to Waters on her Twitter account on Saturday:
Once I have learned and considered what happened, I will appear before the committee. I feel it is my duty to explain. I don’t know if it will happen by the 13th. But when it does, I testify.
Waters claims the SBF must attend hearings next week
Rep. Waters told Bankman-Fried Monday: I was. It is clear that the information you have obtained so far is sufficient for your testimony. In a follow-up tweet, she wrote:
As you know, the fall of FTX cost her over one million people. Your testimony is not only relevant to members of Congress, it is important to the American people.
Bankman-Fried has not responded to Waters further as of this writing.
Many people on social media criticized Waters’ politeness to Bankman and her Freed. Many urged lawmakers to stop asking the SBF nicely on social media and issue subpoenas to force them to testify.
However, during the 2021-22 elections, Some suspect Waters is courteous to Bankman-Fried, since the former FTX boss was the second-largest donor to the Democratic Party. According to Opensecrets, he donated his $39,884,256 to the Democratic Party before his FTX imploded and had to file for bankruptcy. However, Tesla CEO and his Twitter chief Elon Musk thinks his SBF’s actual support for the Democrats is more than $1 billion.
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