Chairwoman Maxine Waters Says SBF’s Subpoena “Definitely On The Table”
In response to reports that U.S. House Financial Services Committee Chairwoman Maxine Waters was unwilling to compel FTX founder Sam Bankman-Fried to testify before a House Committee, she later tweeted that a subpoena of SBF was "definitely on the table." Waters made the statement in response to the allegations surfacing online.
Possible Subpoena For SBF
Although, the House Committee has scheduled a hearing into the matter for Tuesday, Waters took a dig at a leading news media by stating that, lies were being spread about her not calling SBF. She further stated that "a subpoena is definitely on the table. Stay tuned."
Maxine Waters@RepMaxineWatersDis 08, 2022Lies are circulating @CNBC that I am not willing to subpoena @SBF_FTX. He has been requested to testify at the December 13th hearing. A subpoena is definitely on the table. Stay tuned.
Earlier, Waters had stated that it was essential for the founder of FTX to provide testimony and that the committee was prepared to arrange continued hearings if there is more material to be provided later.
“Candid” Talks With SBF
But later faced a lot of flak from the community, when her tweet to SBF came out to be cordial in nature while appreciating his "candid" discussions on the FTX collapse.
Maxine Waters@RepMaxineWatersDis 02, 2022.@SBF_FTX, we appreciate that you've been candid in your discussions about what happened at #FTX. Your willingness to talk to the public will help the company's customers, investors, and others. To that end, we would welcome your participation in our hearing on the 13th.
Read More: Congresswoman Invites SBF To Hear His "Candid" Talks On FTX
Bankman-Fried, the 30 years old who's an advocate of effective altruism — is under investigation by regulators in the United States and other countries as a result of the shocking failure of the Bahamas-based crypto exchange FTX and later filed for bankruptcy; following a liquidity crisis that caused at least $1 billion of customer funds to disappear.
Read More: Kevin O’Leary Claims He Can’t Call SBF Guilty Unless He’s Tried
Other Charges On SBF
Earlier it was also reported that two other U.S. senators were also seeking Bankman-Fried's testimony and would subpoena him if required.
And as per latest news, federal prosecutors have also launched an investigation on Bankman-Fried to find out if he manipulated the crypto market for two cryptocurrencies viz. LUNA & UST, leading to their eventual demise in early 2022.
Read More: Terra Do Kwon Explains How SBF And Genesis Led Terra-LUNA Crisis