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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHouse Financial Services Chair Waters doesn't plan to subpoena Sam Bankman-Fried to testify at
hearing on FTX collapsehttps://www.cnbc.com/2022/12/07/ftx-maxine-waters-doesnt-plan-to-subpoena-sam-bankman-fried-to-testify-at-hearing-on-crypto-exchanges-collapse.html
House Financial Services Committee Chair Maxine Waters told the panels Democrats she doesnt plan to subpoena former FTX CEO Sam Bankman-Fried to testify at a Dec. 13 hearing about the crypto exchanges rapid demise, according to people with direct knowledge of the conversation.
Waters informed committee members of her decision at a private meeting Tuesday with Securities and Exchange Commission Chair Gary Gensler on Capitol Hill, these people said, declining to be named in order to speak freely about the private discussion.
Waters said she wants committee staff to try to persuade Bankman-Fried to voluntarily testify, those with knowledge of the meeting said. As of late Wednesday, Bankman-Fried has yet to agree to testify before the House committee, two of the people said.
Waters, who will lose the chairmanship when Republicans take control of the House on Jan. 3, could end up deferring to Rep. Patrick McHenry, R-N.C., the panels top Republican and likely next chair, to decide whether to subpoena Bankman-Fried in the next congressional session if the FTX founder declines to voluntarily testify under oath.
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House Financial Services Chair Waters doesn't plan to subpoena Sam Bankman-Fried to testify at (Original Post)
Celerity
Dec 2022
OP
chowder66
(9,074 posts)1. She says....
Celerity
(43,457 posts)3. that is mentioned in the article
JustABozoOnThisBus
(23,354 posts)2. A subpoena is probably pointless at this time.
A couple of letters from a lawyer could delay the discussion. There are four work-days left before the House disbands for the year (or is re-tasked to work in their districts, haha.).
And then, it's time to shift to really important things: Hunter Biden's computer, Hilary's emails, etc.