cryptonews: Congress is considering issuing a subpoena for former FTX CEO Sam Bankman-Fried, but is running out of time.🧐
Rep. Maxine Waters, the California Democrat who chairs the committee, told The Block that while a subpoena could be issued, she doesn't yet have the agreement of the committee's top Republican, Rep. Patrick McHenry of North Carolina.
With an incoming Republican majority taking over in January, Rep. McHenry would be the one deciding whether to try and force Bankman-Fried to testify — testimony which would see him asked under oath about potentially criminal behavior in loaning $10 billion in FTX customers' money to his trading shop, Alameda Research, which allegedly lost as much as $8 billion of it.Practically, Congress relies on the Department of Justice to enforce its subpoenas.
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