US House Financial Services Chairwoman Maxine Waters Says it is ‘Imperative’ That Sam Bankman-Fried Attends Hearing on 13 December After – This is What Happened
The Financial Services Committee Chair Maxine Waters has demanded Sam Bankman-Fried participate in the upcoming U.S. House committee’s hearing and testify on the collapse of his crypto empire.
In response to a tweet by Bankman-Fried that suggested he might not appear in the hearing, the Chairwoman insisted that it is part of his responsibility to show up, albeit using a less friendly tone.
"It is imperative that you attend our hearing on the 13th, and we are willing to schedule continued hearings if there is more information to be shared later," Maxine said.
As reported, SBF claimed yesterday that he is still not finished with “learning and reviewing what happened,” thus he might not be ready to participate in the hearing.
The statement came in response to a tweet by Current Chair and Congresswoman Maxine Waters and the committee that asked him to appear in the hearing on December 13 and talk about the collapse of FTX.
However, Maxine argued that based on his role as the CEO of FTX and the "media interviews over the past few weeks, it’s clear to us that the information you have thus far is sufficient for testimony." She added:
"As you know, the collapse of FTX has harmed over one million people. Your testimony would not only be meaningful to Members of Congress, but is also critical to the American people."
In fact, SBF, who was initially very selective about his media presence, has recently started showing up in media more often. Just over the weekend, he appeared in two popular crypto podcasts, where he "got grilled" with some tough questions about the collapse of FTX — unveiling more dark truths about the CEO.
The US House Financial Services Committee announced last month that it plans to hold a hearing to investigate the
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