Maxine Waters, Chair of the House Financial Services Committee, praised Bankman-Fried’s candid comments about the FTX collapse and invited him to a committee hearing on December 13. 
Waters shared her views on Twitter:
.@SBF_FTX, we appreciate that you've been candid in your discussions about what happened at #FTX. Your willingness to talk to the public will help the company's customers, investors, and others. To that end, we would welcome your participation in our hearing on the 13th.
— Maxine Waters (@RepMaxineWaters) December 2, 2022
Later this month, Waters’ committee will have its first hearing on the FTX tragedy. The Democratic chair and ranking Republican Rep. Patrick McHenry, R-N.C., both stated that they expect to hear from SBF and others involved in the disaster.
.@SBF_FTX, we appreciate that you've been candid in your discussions about what happened at #FTX. Your willingness to talk to the public will help the company's customers, investors, and others. To that end, we would welcome your participation in our hearing on the 13th.
— Maxine Waters (@RepMaxineWaters) December 2, 2022
Since filing for Chapter 11 bankruptcy protection with FTX, disgraced billionaire, SBF has repeatedly apologized for what he had done wrong.
This week, the former FTX CEO intimated that he would participate in future congressional hearings, but he did not say whether he would accept Waters’ offer.
The Senate Agriculture Committee convened its first FTX hearing, and the Senate Banking Committee is seeking to schedule its own.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
Coincu News