Sam Bankman-Fried was called to testify on December 13 before the United States House Committee on Financial Services by its chairman Maxine Waters. However, the person concerned specifies that he “is not sure” that this will be possible on that date.
Sam Bankman-Fried to testify on FTX
The FTX case continues, and as customers seek justice, Sam Bankman-Fried (SBF) was asked to testify before the United States House Committee on Financial Services by its chairperson Maxine Waters. Simply put, this entity is a division of the United States Congresswhich notably oversees the activities of the Federal Reserve (FED), the Treasury Department and the Securities and Exchange Commission (SEC).
It was therefore on Twitter, last Friday, that Maxine Waters requested the cooperation of SBF for an audition on December 13 :
“We appreciate that you have been candid in your discussions about what happened at FTX. Your willingness to speak to the public will help the company’s customers [et] Investors […]. To this end, we would be delighted to have your participation in our hearing on the 13th.”
Note, however, that the pseudo-franchise in question is all relativewhen we know all the truths that have been revealed since the explosion in flight of FTX.
👉 To go further – How to secure and store your cryptocurrencies?
The best way to secure your cryptocurrencies 🔒
🔥 The world leader in crypto security
Sam Bankman-Fried’s Lunar Response
When the president of a high authority of the state of which we are a citizen asks us to testify, it is customary to accept this invitation. However, it would seem that SBF is unaware of this use, and the person concerned allowed himself an evasive answer to Maxine Waters:
Rep. Waters, and the House Committee on Financial Services:
Once I have finished learning and reviewing what happened, I would feel like it was my duty to appear before the committee and explain.
I’m not sure that will happen by the 13th. But when it does, I will testify. https://t.co/c0P8yKlyQt
— SBF (@SBF_FTX) December 4, 2022
Sam Bankman-Fried says he will estimate that it will be his duty to come and testifybut that he must, before that, finish “to learn and examine what happened“. Hence, he “not sure if that will happen by the 13th”.
For the moment, Maxine Waters has not reacted, at least publicly. Beyond the fact that the formalities relating to such a serious matter take place on Twitter, this situation is surprising, when we know how much US regulators can get tough for less. These same regulators that SBF ordered to go crazy a few weeks ago.
👉 Also in the news – Sam Bankman-Fried reveals FTX allegedly sold non-existent assets to clients
Join Experts and a Premium Community
PRO
Invest in your crypto knowledge for the next bullrun
Newsletter 🍞
Receive a summary of crypto news every Monday by email 👌
What you need to know about affiliate links. This page presents assets, products or services relating to investments. Some links in this article are affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to offer you original and useful content. There is no impact on you and you can even get a bonus by using our links.
Investments in cryptocurrencies are risky. Cryptoast is not responsible for the quality of the products or services presented on this page and could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to crypto-assets are risky by nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.
AMF recommendations. There is no guaranteed high return, a product with high return potential involves high risk. This risk-taking must be in line with your project, your investment horizon and your ability to lose part of this savings. Do not invest if you are not ready to lose all or part of your capital.
To go further, read our Financial Situation, Media Transparency and Legal Notices pages.
I timidly discovered the world of blockchain at the end of 2018 during my quest for financial freedom. Initially invested moderately, it was only two years later that I took the gamble of betting everything on the movement that was taking shape then. I then dedicate 2021 to training myself better to acquire more knowledge and seriousness. As I often like to say: I still have a billion things to learn. And what I do know, I want to share with you.
Vincent Mayor
386 items
