House Financial Services Committee chair Maxine Waters urges the former CEO of bankrupt FTX exchange Sam Bankman-Fried aka SBF to attend the hearing on FTX collapse on December 13.
A few days back, Maxine Waters invited criticism for mincing words and not giving a stern warning to SBF to attend the hearing. SBF tweeted in reply that he is not ready to testify before the US House of Representatives Financial Services Committee hearing on December 13.
Maxine Waters is not at all satisfied with this response given the depth of the case and how SBF is taking regulatory matters so lightly. This time she gives a clear-cut message to the person who is responsible for the loss of billions of user assets but still roaming around freely without any consequences for his actions.
Waters tweeted “@SBF_FTX, Based on your role as CEO and your media interviews over the past few weeks, it’s clear to us that the information you have thus far is sufficient for testimony.”
Waters stated, the collapse of FTX has harmed over one million people and SBFs testimony would not only be meaningful to Members of Congress but is also critical to the American people.
“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,” Waters added.
SBF hasn’t responded to this yet. The community is relieved that finally, the regulators are showing some action against SBF but still doesn’t like the way the whole case is managed through mere tweets.
It is appalling that SBF still hasn’t faced any repercussions for pushing the exchange and the community to the dark but is active in going around giving interviews to the big media houses.
We can’t refute the claims that his donations to political parties might be saving him from scrutiny, but how long will the culprit run away from his crime, only time will tell.
Read More: What Will the FTX Collapse Mean for the Crypto Industry’s Future?
