Chairwoman of the US Home Monetary Companies Committee Maxine Waters tweeted on Dec. 5 that FTX founder Sam Bankman-Fried has adequate information to testify earlier than Congress on Dec. 13.
Primarily based in your position as CEO and your media interviews over the previous few weeks, it’s clear to us that the knowledge you will have to this point is adequate for testimony. (1/3) https://t.co/YUVVjOkC40
— Maxine Waters (@RepMaxineWaters) December 5, 2022
Waters mentioned SBF’s a number of media interviews and his earlier position because the bankrupt alternate CEO had proven the committee that he has sufficient data to testify earlier than it.
In accordance with Waters, FTX’s collapse harmed over a million individuals, and SBF’s testimony “wouldn’t solely be significant to Members of Congress however can be essential to the American individuals.” The lawmaker added:
“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 data to be shared later.”
Earlier, SBF mentioned he was unsure he would attend the congressional listening to on the thirteenth. In accordance with him, he wouldn’t testify till he completed reviewing and studying what occurred to his crypto empire.
His response generated a wave of criticism from the crypto group, who believed he was making an attempt to keep away from mendacity to Congress below oath.