Sam Bankman-Fried (SBF), the former CEO of FTX, was recently prompted to appear before the US House Committee on Financial Services by US Representative Maxine Waters. FTX was required to appear before the Committee on December 13, according to Waters. To talk about “what transpired” at the problematic exchange, SBF was invited.
The former CEO of FTX stated that it was his obligation to go before the committee and address the matter a day earlier. But he also made it clear that he wouldn’t do that until he had finished “learning and reviewing what happened.” He added that he wasn’t sure if he’d be able to show up on the 13th.
Congresswoman Maxine Waters Compels SBF To Testify
Maxine Waters reportedly used Twitter once more to persuade SBF to show up to the House Committee hearing on the collapse of FTX. She said it was “obvious” the data SBF had up until this point was “adequate” for testifying.
She tweeted to emphasize the significance of the testimony and said,
“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.“
Waters went on to say that SBF’s attendance at the upcoming hearing was “imperative.” The committee would schedule additional hearings if and when new information became available, she further stated. She tweeted about the same, explaining,
“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.“
Billy Markus, the creator of Dogecoin, commented on the same post and questioned whether the committee could summon the former FTX CEO. Ryan Wyatt, CEO of Polygon Studios, however, stated,
“Maxine, glad you are starting to listen to the people and community and not your donor.“