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House Finance Speaker Maxine Waters’ Sam Bankman-Fried subpoena over FTX collapse ‘on the table’

House Financial Services Committee Chairwoman Maxine Waters said in a tweet Wednesday that an invitation for FTX CEO Sam Bankman-Fried to testify is “definitely on the table” at a Dec. 13 hearing about the dive bomb his crypto exchange traded last month. despite reports indicating she had no plans to call him.

However, Waters’ tweet did not state that Bankman-Fried would be subpoenaed, but instead “requested to testify.” Bankman-Fried is currently based in the Bahamas.

CNBC reported Wednesday that Waters told Democrats she did not plan to call Bankman-Fried during a private meeting Tuesday with Securities and Exchange Commission Chairman Gary Gensler.

FORMER FTX HEAD SAM BANKMAN-FRIED ADMITS MORE STRESS TESTING SHOULD HAVE BEEN DONE BEFORE CRYPTO FIRM COLLAPSE

Those with knowledge of the conversation declined to be named, according to the report, but said Waters wanted to see if the committee could get Bankman-Fried to testify himself.

Bankman-Fried is facing a series of legal ramifications for its involvement in the collapse of FTKS, which prompted it to file for bankruptcy in November.

makine waters sam bankman fried

House Financial Services Speaker Maxine Waters (D-Calif.) said Friday she wants FTX founder Sam Bankman-Fried to testify at a Dec. 13 panel hearing on the cryptocurrency collapse (Getty Images / Getty Images)

A full-blown liquidity crisis forced FTKS to file for bankruptcy, and Bankman-Frieda’s fortune, estimated at $15.6 billion just before the announcement, has fallen to the point where the Bloomberg Billionaires Index estimates he has no material wealth.

MAXINE WATERS THANKS FTKS FOUNDER BANKMAN FRIED FOR ‘HONEST’ INTERVIEWS AFTER BILLIONS DISAPPEAR

He became a billionaire after creating FTKS, as well as the subject of media fascination. Bankman-Fried has also been a philanthropist and has donated to causes dealing with issues like the pandemic and climate change, along with donations to Democrats and liberal PACs.

With those donations, he became a major player in Washington.

Waters, a Democrat, will lose his post as committee leader on Jan. 3, 2023, as Republicans take control of the House of Representatives.

When that power passes to Rep. Patrick McHenry, it will be up to him to decide whether to call Bankman-Fried to testify in the next session if he himself declines to do so.

SAM BANKMAN-FRIED SAYS WILL TESTIFY BEFORE HOUSE ONCE “HE FINISHES STUDY AND REVIEWS WHAT HAPPENED”

CNBC reported that Waters called the FTKS CEO to testify voluntarily, although she has the option to change her mind and call him before Tuesday.

Waters told Bankman-Fried in a series of tweets that the information he has as CEO is sufficient to testify, and would not only be “significant” to members of Congress, but also “critical” to the American people.

“Once I’m done learning and reviewing what happened, I would feel it’s my duty to appear before the committee and explain,” Bankman-Fried responded. “I’m not sure it will happen until the 13th, but when it does, I will testify.”

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