Crypto Twitter demands sending a subpoena to former FTX CEO Sam Bankman-Fried (SBF) to make him testify before the U.S. Congress. After, Chairwoman of the U.S. House Committee on Financial Services, to testify at the scheduled hearing on December 13, Waters compels SBF to attend the hearing on the said date.
Crypto Twitter Questions Soft Stance of U.S. Congress
Sam Bankman-Fried refuses to attend the scheduled U.S. House Committee on Financial Services hearing entitled, “Investigating the Collapse of FTX, Part I.” on December 13. He claims to testify before the committee after he’s finished learning and reviewing what went wrong at FTX.
In response, Maxine Waters in a series of tweets on December 6 forces SBF to attend the hearing on December 13 saying “it is imperative.” Waters claims the information shared by SBF during the media interviews over the past few weeks is sufficient for testimony.
Waters reminded SBF that the collapse of FTX has harmed over one million people and as a CEO he must testify before the Committee on Financial Services. “Your testimony would not only be meaningful to Members of Congress, but is also critical to the American people,” said Maxine Waters.
The House Committee on Financial Services is also willing to schedule continued hearings if there is more information to be shared later.
Crypto Twitter reacted to the soft stance of Maxine Waters and the U.S. Congress against SBF. Several notable people from the crypto community including Ripple amicus curiae John E. Deaton, BITMEX VP Genia Mikhalchenko, Ben Armstrong, Blockchain Association’s Jake Chervinsky, and others asked the U.S. Congress to subpoena SBF.
Some also question why Representative Maxine Waters and other Congress members inviting SBF over Twitter.
Sam Bankman-Fried Continues to Attend Interviews
SBF has several scheduled interviews and Twitter Space invitations to speak about what went wrong at FTX. Also, the relationship between Alameda Research and FTX continues to unfold as he answers how Alameda gained FTX’s financial details.
Meanwhile, FTX is attending another interview with Unusual Whales on December 12, a day before the scheduled U.S. House Committee on Financial Services hearing.