Home committee chief says Bankman-Fried has ‘adequate’ data for testimony



05 December 2022 21:18, UTC


Studying time: ~2 m

Rep. Maxine Waters, D-Calif., shouldn’t be shopping for Sam Bankman-Fried’s excuse for not testifying subsequent week concerning the collapse of the FTX crypto alternate at a listening to earlier than the Home Monetary Providers Committee.

“Based mostly in your function as CEO and your media interviews over the previous few weeks, it’s clear to us that the data you’ve to date is adequate for testimony,” Waters, who chairs the committee, tweeted at Bankman-Fried from each her account and the committee’s, referring to a collection of interviews the disgraced crypto mogul has held with media retailers together with The Block over the previous week.

Bankman-Fried stated yesterday that he’d be prepared to testify solely “as soon as I’ve completed studying and reviewing what occurred.” He talked about that which may not happen in time for listening to scheduled on Dec. 13.

As FTX and sister buying and selling agency Alameda Analysis fell into disarray final month amid a plunge within the worth of a local token and a buyer run on deposits, each chambers of Congress introduced hearings to analyze. The query of whether or not Bankman-Fried, who has testified at congressional hearings earlier than the collapse of the alternate, would make one other look continues to linger.

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