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

Congresswoman Maxine Waters, chair of the House Committee on Financial Services, has politely requested former FTX CEO Sam Bankman-Fried (SBF) to attend a congressional listening to on the collapse of his cryptocurrency alternate. Bankman-Fried says he’ll testify when he has completed “learning and reviewing what happened.”

Bankman-Fried Responds to Rep. Waters’ Invitation

The U.S. House Committee on Financial Services will maintain a congressional listening to on the collapse of crypto alternate FTX on Dec. 13. Congresswoman Maxine Waters (D-CA), the committee’s chair, has been attempting to get former FTX CEO Sam Bankman-Fried (SBF) to attend the listening to. However, as an alternative of issuing a subpoena for him to testify, Waters politely requested him on Twitter Friday.

“We appreciate that you’ve been candid in your discussions about what happened at FTX. Your willingness to talk to the public will help the company’s customers, investors, and others. To that end, we would welcome your participation in our hearing on the 13th,” she tweeted.

Bankman-Fried responded to Waters on Twitter Saturday:

Once I’ve completed studying and reviewing what occurred, I’d really feel prefer it was my obligation to seem earlier than the committee and clarify. I’m unsure that may occur by the thirteenth. But when it does, I’ll testify.

Waters Insists SBF Must Attend Next Week’s Hearing

Congresswoman Waters responded to Bankman-Fried Monday: “Based on your role as CEO and your media interviews over the past few weeks, it’s clear to us that the information you have thus far is sufficient for testimony.” In a follow-up tweet, she wrote:

As you understand, the collapse of FTX has harmed over a million folks. Your testimony wouldn’t solely be significant to members of Congress, however can be crucial to the American folks.

Waters pressured: “It is imperative that you attend our hearing on the 13th, and we are willing to schedule continued hearings if there is more information to be shared later.”

At the time of writing, Bankman-Fried has not replied to Waters additional.

Many folks 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 situation a subpoena to drive him to testify.

However, 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 Party throughout the 2021-22 election cycle. According to Opensecrets, he donated $39,884,256 to Democrats earlier than FTX imploded and needed to file for bankruptcy. However, Tesla CEO and Twitter chief Elon Musk believes that SBF’s precise help to Democrats was over $1 billion.

What do you concentrate on how Rep. Maxine Waters requested Bankman-Fried to attend her congressional listening to? Let us know within the feedback part under.