US House committee chair rejects SBF’s reason to postpone testimony

Maxine Waters said, “It is vital that you attend our hearing on the 13th, and we are open to arrange more hearings if additional information is coming.”

Chairwoman of the United States House Financial Services Committee, Maxine Waters, has criticized former FTX CEO Sam Bankman-Fried for posting on social media that he intends to testify after “learning and examining what occurred” at the exchange.

Waters highlighted Bankman-multiple Fried’s media interviews after FTX’s bankruptcy on Twitter on December 5 as proof that his knowledge was “sufficient for testimony” before the committee. On December 13, Waters will preside over a hearing probing the collapse of the FTX, during which Bankman-Fried and other persons linked with the events surrounding the exchange’s demise are anticipated to attend.

In a statement aimed against Bankman-Fried, Waters said, “The collapse of FTX has injured over one million individuals.” “Your testimony would not only be important to members of Congress, but to the American public as well. It is crucial that you attend our hearing on the 13th, and we are willing to arrange further hearings if more material has to be presented in the future.”

According to reports, Bankman-Fried has not personally addressed U.S. legislators since FTX’s bankruptcy declaration on November 11, but he has participated in several media interviews and tweeted about the events surrounding the exchange’s collapse. Given that he would be on oath and his words might be used to prove a suspected intent to deceive investors, many on social media have speculated the former FTX CEO is unlikely to testify.

At the time of publishing, committee ranking member Patrick McHenry, who together with Waters asked for Bankman-Fried to testify before Congress on December 2, has not responded to the former FTX CEO’s comment on Twitter. It is unknown if U.S. legislators meant for Bankman-Fried to appear in person or remotely from the Bahamas, where he was located at the time of publishing.

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