Maxine Is Coming For FTX’s Bankman-Fried, ‘Want Him Here’

House Financial Services Committee Chairwoman Rep. Maxine Waters on Friday is calling on FTX founder Samuel Bankman-Fried, to testify before Congress about the cryptocurrency platform sudden collapse.
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At a glance

  • “We want him here,” the California Democrat told Politico. “If he’s talking and giving interviews, we’d like for him to be just as candid with us.”
  • Bankman-Fried earlier this week appeared at the New York Times’s DealBook summit in which he acknowledged his own failures and responsibility for the firm’s fall. However, he said he did not commit fraud.
  • He also said at the suggested at the summit that he would eventually end up on Capitol Hill, saying he “would not be surprised if I’m up there talking about what happened.
  • The platform filed for bankruptcy in late November, stunning the investing world. Reports have since emerged of missing assets and investor funds.

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