12/7/2022, 11:26 PM (Source: TeleTrader)
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House panel has no plans to subpoena FTX CEO - report

The United States House Financial Services Committee does not intend to subpoena former FTX CEO Sam Bankman-Fried, CNBC reported on Wednesday. People familiar with the matter said the panel Chairwoman Maxine Waters (pictured) told other members that she hopes Bankman-Fried can be persuaded to testify voluntarily.

Last week, Waters wrote to Bankman-Fried, stating that it is "imperative" that he appear before the committee on December 13. He replied on Twitter, stating, "Once I have finished learning and reviewing what happened, I would feel like it was my duty to appear before the committee and explain. I'm not sure that will happen by the 13th. But when it does, I will testify."

Baha Breaking News (BBN) / DJ