Senate Committee To Subpoena SBF If He Does Not Testify Voluntarily

Following a tidal wave of disgust, outrage and loathing at corrupt politicians, Maxine Waters took to twitter to slam the earlier CNBC report that she wouldn’t subpoena SBF as a “lie” even though just one sentence lower in her tweet she confirms that she has, in fact, not done anything yet and that a “subpoena is definitely on the table.”

Furthermore, she notes that SBF has “been requested to testify” even though as everyone knows by now, he turned down said “request” and unless he is compelled (i.e., issued a subpoena) he won’t go. But it’s cool: “A subpoena is definitely on the table.” The question is whether the check to Maxine clear and it stays there or someone actually signs it and delivers it to the prominent Democratic donor.

And while Maxine counts her inbound wire transfers and donations from SBF for a cost-benefit analysis of what the humiliated rep should do next, at least two US senators have no such qualms, and the two highest rated members of the Senate Banking Committee told Sam Bankman-Fried they expect him to appear before them next week in person to discuss the collapse of FTX, and will subpoena him if he does not appear voluntarily, a letter from its leaders said Wednesday.

As Coindesk first reported, Senators Sherrod Brown (D-Ohio) and Pat Toomey (R-Pa.), respectively the chair and ranking member of the committee, wrote a public letter to Bankman-Fried, who resigned from the exchange the same day it filed for bankruptcy last month. The committee is holding a hearing on Wednesday, Dec. 14, a day after the House Financial Services Committee holds its own hearing on the exchange.

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