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Congresswoman Maxine Waters (D-CA), the committee’s chair, has been trying to get former FTX CEO Sam Bankman-Fried (SBF) to attend the hearing. However Congresswoman Maxine Waters Compels SBF To Testify. Maxine Waters reportedly used Twitter once more to persuade SBF to show up to the House Committee hearing on the collapse of The former chief executive of FTX Exchange, Sam Bankman-Fried (SBF), has refused to attend the US House Committee on Financial Services hearing, which is to be held

FTX Hearing Showdown: Maxine Waters Compels SBF to Attend on December 13th

The highly anticipated House Committee on Financial Services hearing regarding the collapse of FTX is set for December 13th, and Congresswoman Maxine Waters (D-CA), the committee’s chair, is pulling out all the stops to ensure former FTX CEO Sam Bankman-Fried (SBF) makes an appearance. The hearing promises to shed light on the circumstances surrounding the exchange's dramatic downfall and potential implications for the wider cryptocurrency market.

SBF's Initial Reluctance and Waters' Persuasion

The former chief executive of FTX Exchange, Sam Bankman-Fried (SBF), has refused to attend the US House Committee on Financial Services hearing, citing various concerns. However, Congresswoman Maxine Waters Compels SBF To Testify. Determined to secure his testimony, Congresswoman Maxine Waters (D-CA), the committee’s chair, has been trying to get former FTX CEO Sam Bankman-Fried (SBF) to attend the hearing.

Maxine Waters reportedly used Twitter once more to persuade SBF to show up to the House Committee hearing on the collapse of FTX. This public pressure campaign underscores the importance the committee places on hearing directly from SBF regarding the alleged mismanagement and potential fraud leading to the company's demise.

What to Expect from the Hearing

If SBF ultimately complies and attends the hearing, he will likely face intense questioning from committee members on a range of topics, including:

  • The financial health of FTX leading up to its collapse.
  • The transfer of funds between FTX and its affiliated trading firm, Alameda Research.
  • Risk management practices and internal controls within FTX.
  • His personal knowledge of any potential wrongdoings.

The hearing is expected to be a pivotal moment in understanding the events surrounding the FTX collapse and could potentially lead to further investigations and regulatory changes within the cryptocurrency industry.

Stay Tuned for Updates

We will continue to update this story as more information becomes available regarding SBF's attendance and the proceedings of the House Committee on Financial Services hearing on December 13th. Be sure to check back for live coverage and analysis.

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