Opening Hours

Mon - Fri: 7AM - 7PM

House Financial Services Committee Chairman Maxine Waters told Reuters on Thursday that FTX founder Sam Bankman-Fried is ready to issue a subpoena if he does not agree to appear on the committee next week. and is looking for the best way to do it.

“I made it clear at the hearing on December 13th that I wanted Sam, and if he doesn’t cooperate, I am prepared to issue a subpoena,” Waters said in an interview at the Capitol. rice field.

Regulators around the world, including FTX’s home in the Bahamas and the United States, are investigating the role FTX’s chief executives, including Bankman Fried, played in the company’s shocking collapse, Reuters previously reported. The cryptocurrency exchange filed for bankruptcy last month after a liquidity crisis that saw the loss of at least $1 billion in customer funds.

Prosecutors and regulators have not charged Bankman-Fried with any crime.

Waters said she herself has the power to issue the subpoena, but she can put it to a committee vote. She said no decision has been made so far. “I could really do that myself. I would probably do a vote,” she said. “I’ll have to figure out what to do with Mr. McHenry. is”

“Either he participates or he doesn’t, and that’s when we make the decision,” Waters said. “It is appropriate, correct, and reasonable to say that we want you here.”

She declined to say whether Bankman-Fried would be required to appear in person or if he could testify via video link.

A Bankman-Fried spokeswoman declined to comment. McHenry’s office was not immediately available for comment. The US House panel chair has said he will issue subpoenas to FTX’s Bankman-Fried if necessary.

Recommended Articles