SBF subpoena is 'positively on the desk,' says Rep. Maxine Waters


America Home Monetary Providers Committee Chair Maxine Waters stated a subpoena is “positively on the desk” for former FTX CEO Sam Bankman-Fried, who has been requested to testify at a Dec. 13 listening to wanting into the collapse of FTX.

In a Dec. 8 tweet Waters stated that “lies are circulating” after a report from CNBC instructed she doesn’t plan to subpoena Bankman-Fried to testify on Dec. 13. 

Lies are circulating @CNBC that I’m not keen to subpoena @SBF_FTX. He has been requested to testify on the December thirteenth listening to. A subpoena is certainly on the desk. Keep tuned.

— Maxine Waters (@RepMaxineWaters) December 8, 2022

The report claimed Waters knowledgeable a gaggle of Democrats that she wished the Committee to persuade Bankman-Fried to testify voluntarily.

Associated: Crypto group baffled by SBF dictating phrases over congressional listening to

Waters had first requested Sam Bankman-Fried to look on the Dec. 13 listening to on Dec. 3 by way of a publish on Twitter.

Regardless of showing in a number of media interviews discussing FTX, Bankman-Fried said on Dec. 4 that he gained’t seem earlier than the Committee till he’s “completed studying and reviewing what occurred” and he’s “undecided” if that may occur in time for the listening to.

Citing his media appearances, Waters has beforehand pushed again on the FTX founders’ excuse, saying on Dec. 5 that the data he holds is “adequate for testimony.”

“It’s crucial that you just attend our listening to,” Waters added, and stated the Committee was “keen to schedule continued hearings if there’s extra info to be shared later.”

This can be a growing story and extra info will likely be added because it turns into accessible.


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