Democratic congresswoman Maxine Waters is urging disgraced former FTX CEO Sam Bankman-Fried to rethink not attending subsequent week’s congressional listening to on the collapse of his crypto alternate.
The U.S. Home Monetary Companies Committee, which Waters co-chairs, is holding a listening to investigating the FTX collapse on Wednesday, December 13.
As Bankman-Fried carried out a sequence of high-profile media interviews the place he apologized for the collapse, Waters invited Bankman-Fried to testify earlier than the congressional committee.
Bankman-Fried, nevertheless, is declining to attend, saying he wants extra time to realize a deeper understanding of what transpired.
“As soon as I’ve completed studying and reviewing what occurred, I might really feel prefer it was my responsibility to look earlier than the committee and clarify. I’m unsure that can occur by the thirteenth. However when it does, I’ll testify.”
However Waters shot again, insisting Bankman-Fried honor her invitation to testify.
“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’ve got up to now is ample for testimony.
As you recognize, the collapse of FTX has harmed over a million folks. Your testimony wouldn’t solely be significant to Members of Congress, however can also be vital to the American folks.
It’s crucial that you just attend our listening to on the thirteenth, and we’re keen to schedule continued hearings if there’s extra info to be shared later.”
US monetary regulators are additionally reportedly investigating FTX and looking out into whether or not it mishandled its clients’ funds.
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