.SBF_FTX, the head of bankrupt crypto exchange FTX_Official, has said that he is willing to testify in front of the U.S. House Financial Services Committee on December 13. By jackschickler
Bankman-Fried Friday tweeted he was"willing" to testify in response to requests from committee chair Maxine Waters who had said his attendance was"imperative."
Bankman-Fried said his contribution would be limited, as he says he still does not have access to the personal and professional data that could underpin testimony. He resigned on Nov. 11, the day the company filed for bankruptcy after revelations published in CoinDesk concerning FTX's relationship to sister company Alameda Research.
Waters tweeted on Wednesday night that a subpoena was"definitely on the table" should Bankman-Fried decline to attend. Since resigning, allegations have emerged of poor governance, inadequate risk management and inappropriate use of customer funds under Bankman-Fried's leadership. Prior to his resignation he was a major political donor and influential figure in Washington, backing a bill to regulate digital commodities.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
House Financial Services Committee Considering Bankman-Fried Subpoena, But Time's Short | CoinMarketCapcryptonews: Congress is considering issuing a subpoena for former FTX CEO Sam Bankman-Fried, but is running out of time.🧐
Read more »
House Financial Services Chief Waters Not Planning to Subpoena Sam Bankman-Fried: ReportHouse Financial Services Committee Chairwoman Maxine Waters (D-Calif.) told Democrats she doesn’t plan to subpoena Sam Bankman-Fried to testify at a hearing on FTX’s collapse next week, according to CNBC. By NelWang
Read more »
Ethics committee fines Madison Cawthorn for promoting crypto he had financial interest inThe House Ethics Committee found Rep. Madison Cawthorn 'improperly promoted a cryptocurrency in which he had a financial interest' following a seven-month investigation.
Read more »
AWS Advances Financial Services In The Cloud: News From Re:Invent 2022Principal Analyst, Fintech and Retail Tech Melody Brue dives in as last week, 50,000 people convened in Las Vegas, and another 300,000 gathered virtually around the world for AWS re: Invent, one of the most anticipated tech events of the year.
Read more »
New York Rep. Alexandria Ocasio-Cortez under investigation by House Ethics CommitteeNew York Democrat Rep. Alexandria Ocasio-Cortez is under a House ethics investigation, according to a statement issued by the panel Wednesday.
Read more »