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U.S. banking committee says SBF ‘must answer for the failure’ | Crypto | Bitcoin | Blockchain

U.S. banking committee says SBF ‘must answer for the failure’ of FTX

The
US senate banking committee in a Dec. 7 letter to Sam Bankman-Fried said he must answer for the failure of his crypto firms in a hearing scheduled for Dec. 14. SBF failed to honor the invitation, he would be issued a subpoena.

Meanwhile, the committee chair for the House Committee on Financial Services, Maxine Waters, also said SBF could be issued a subpoena if he failed to voluntarily appear at the Dec. 13 hearing. The lawmakers’ readiness to subpoena SBF was after the FTX founder claimed he was not ready to appear before Congress until he has all the facts about what happened.

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