US Home committee chair pushes again in opposition to SBF's excuse to doubtlessly delay testimony


Maxine Waters, chair of the USA Home Monetary Companies Committee, has referred to as out former FTX CEO Sam Bankman-Fried for asserting on social media he meant to testify after “studying and reviewing what occurred” on the change.

In a Dec. 5 Twitter thread, Waters cited Bankman-Fried’s quite a few media interviews within the wake of FTX’s chapter as proof that his info was “adequate for testimony” earlier than the committee. Waters will preside over a listening to investigating the collapse of FTX on Dec. 13, during which committee management stated they anticipated Bankman-Fried and different people related to the occasions across the change’s downfall to look.

“The collapse of FTX has harmed over a million individuals,” stated Waters, in a press release directed to Bankman-Fried. “Your testimony wouldn’t solely be significant to Members of Congress, however can also be crucial to the American individuals. It’s crucial that you just attend our listening to on the thirteenth, and we’re prepared to schedule continued hearings if there’s extra info to be shared later.”


Based mostly in your position as CEO and your media interviews over the previous few weeks, it’s clear to us that the knowledge you may have so far is adequate for testimony. (1/3)

— Maxine Waters (@RepMaxineWaters) December 5, 2022

Bankman-Fried has reportedly not spoken on to U.S. lawmakers following FTX’s chapter submitting on Nov. 11, however has taken half in lots of media interviews and posted to Twitter on the occasions across the change’s collapse. Many on social media have recommended the previous FTX CEO was unlikely to testify given he could be underneath oath and his statements may very well be used to ascertain a attainable intent to defraud buyers.

Committee rating member Patrick McHenry, who alongside Waters referred to as for Bankman-Fried to look earlier than Congress on Dec. 2, had not pushed again in opposition to the previous FTX CEO’s Twitter response on the time of publication. It’s unclear whether or not the U.S. lawmakers meant to have Bankman-Fried seem in individual or remotely from the Bahamas, the place he was primarily based on the time of publication.

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

The U.S. Senate Agriculture Committee held the same listening to to discover the downfall of FTX on Dec. 1. Commodity Futures Buying and selling Fee Chair Rostin Behnam was the only real witness earlier than the committee, to which he reported on gaps in laws that doubtlessly might have been addressed to reduce the impression on FTX’s customers.


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