House Financial Services Chief Waters Not Planning to Subpoena Sam Bankman-Fried: Report

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House Financial Services Chief Waters Not Planning to Subpoena Sam Bankman-Fried: Report
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House 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

saying he felt that it was his “duty” to appear before the committee once he’s “finished learning and reviewing what happened.” But he noted that “I’m not sure that will happen by [Dec 13th].”

Though not yet formally charged with any wrongdoing, Bankman-Fried is reportedly being probed by both U.S. federal prosecutors and the Securities and Exchange Commission for his actions with respect to FTX and its sister company Alameda Research.Read more:

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