Maxine Water Says SBF’s Subpoena “Definitely On The Table


In response to reports that U.S. House Financial Services Committee Chairman Maxine Waters was unwilling to compel FTX founder Sam Bankman-Fried to testify before a House Committee,  tweeted that a subpoena of Bankman-Fried was “definitely on the table.” Waters made the statement in response to the allegations surfacing online.

Maxine Awaits SBF On Dec. 13

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.”

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.


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

Pratik has been a crypto evangelist since 2016 & been through almost all that crypto has to offer. Be it the ICO boom, bear markets of 2018, Bitcoin halving to till now – he has seen it all.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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