The United States House Financial Services Committee Chair Maxine Waters stated a subpoena is “definitely on the table” for former FTX CEO Sam Bankman-Fried, who has been requested to testify at a Dec. 13 listening to wanting into the collapse of FTX.

In a Dec. 8 tweet Waters stated that “lies are circulating” after a report from CNBC recommended she doesn’t plan to subpoena Bankman-Fried to testify on Dec. 13. 

Lies are circulating @CNBC that I’m not prepared to subpoena @SBF_FTX. He has been requested to testify at the December thirteenth listening to. A subpoena is undoubtedly on the desk. Stay tuned.

— Maxine Waters (@RepMaxineWaters) December 8, 2022

The report claimed Waters knowledgeable a gaggle of Democrats that she needed the Committee to persuade Bankman-Fried to testify voluntarily.

Related: Crypto group baffled by SBF dictating phrases over congressional listening to

Waters had first requested Sam Bankman-Fried to look at the Dec. 13 listening to on Dec. 3 through a submit on Twitter.

Despite showing in a number of media interviews discussing FTX, Bankman-Fried said on Dec. 4 that he gained’t seem earlier than the Committee till he’s “finished learning and reviewing what happened” and he’s “not sure” if that will occur in time for the listening to.

Citing his media appearances, Waters has beforehand pushed again at the FTX founders’ excuse, saying on Dec. 5 that the data he holds is “sufficient for testimony.”

“It is imperative that you attend our hearing,” Waters added, and stated the Committee was “willing to schedule continued hearings if there is more information to be shared later.”

This is a growing story and extra data can be added because it turns into obtainable.


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