{"id":1766832,"date":"2022-12-07T17:48:51","date_gmt":"2022-12-07T22:48:51","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1766832"},"modified":"2022-12-07T17:52:07","modified_gmt":"2022-12-07T22:52:07","slug":"breaking-maxine-waters-not-planning-on-subpoenaing-sam-bankman-fried-to-testify-on-ftx-collapse-report","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/breaking-maxine-waters-not-planning-on-subpoenaing-sam-bankman-fried-to-testify-on-ftx-collapse-report\/","title":{"rendered":"BREAKING: Maxine Waters Not Planning On Subpoenaing Sam Bankman-Fried To Testify On FTX Collapse: Report"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbreaking-maxine-waters-not-planning-on-subpoenaing-sam-bankman-fried-to-testify-on-ftx-collapse-report%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1766832&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>House Financial Services Committee Chairwoman Rep.\u00a0<a href=\"https:\/\/www.dailywire.com\/topic\/maxine-waters\" target=\"_blank\" rel=\"noopener\">Maxine Waters<\/a> (D-CA) is reportedly not planning to subpoena disgraced former FTX CEO <a href=\"https:\/\/www.dailywire.com\/topic\/sam-bankman-fried\" target=\"_blank\" rel=\"noopener\">Sam Bankman-Fried<\/a> to testify in front of the committee next week about the company\u2019s rapid collapse.<\/p>\n<p>CNBC <a href=\"https:\/\/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\" target=\"_blank\" rel=\"noopener\">reported<\/a> citing sources that Waters informed members of her decision Tuesday during a private meeting with Securities and Exchange Commission chair Gary Gensler.<\/p>\n<p>Waters told members that she wants Bankman-Fried to testify \u201cvoluntarily\u201d even though he has not agreed to do so, the report said.<\/p>\n<p>\u201cYour willingness to talk to the public will help the company\u2019s customers, investors, and others,\u201d Waters tweeted to Bankman-Fried earlier this month. \u201cTo that end, we would welcome your participation in our hearing on the 13th.\u201d<\/p>\n<p><b data-stringify-type=\"bold\"><a class=\"c-link\" tabindex=\"-1\" href=\"https:\/\/get.dailywire.com\/readers-pass\/read-only-v2?utm_campaign=dwplus&amp;utm_medium=editorial&amp;utm_source=dwsite&amp;cid=dwplus&amp;mid=z&amp;xid=0\" target=\"_blank\" rel=\"noopener noreferrer\" data-stringify-link=\"https:\/\/get.dailywire.com\/readers-pass\/read-only-v2?utm_campaign=dwplus&amp;utm_medium=editorial&amp;utm_source=dwsite&amp;cid=dwplus&amp;mid=z&amp;xid=0\" data-sk=\"tooltip_parent\" data-remove-tab-index=\"true\" aria-describedby=\"sk-tooltip-54730\">TIRED OF THE LEGACY MEDIA\u2019S BIAS CONTROLLING THE NARRATIVE AND OBSCURING THE TRUTH? JOIN US.<\/a><\/b><\/p>\n<p>Bankman-Fried responded, \u201cOnce I have finished learning and reviewing what happened, I would feel like it was my duty to appear before the committee and explain.\u201d<\/p>\n<p>\u201cI\u2019m not sure that will happen by the 13th,\u201d he added. \u201cBut when it does, I will testify.\u201d<\/p>\n<p dir=\"ltr\" lang=\"en\">Rep. Waters, and the House Committee on Financial Services:<\/p>\n<p>Once I have finished learning and reviewing what happened, I would feel like it was my duty to appear before the committee and explain.<\/p>\n<p>I&#8217;m not sure that will happen by the 13th. But when it does, I will testify. <a href=\"https:\/\/t.co\/c0P8yKlyQt\">https:\/\/t.co\/c0P8yKlyQt<\/a><\/p>\n<p>\u2014 SBF (@SBF_FTX) <a href=\"https:\/\/twitter.com\/SBF_FTX\/status\/1599511560384225281?ref_src=twsrc%5Etfw\">December 4, 2022<\/a><\/p>\n<p>&nbsp;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Rep. Waters, and the House Committee on Financial Services:<\/p>\n<p>Once I have finished learning and reviewing what happened, I would feel like it was my duty to appear before the committee and explain.<\/p>\n<p>I&#39;m not sure that will happen by the 13th.  But when it does, I will testify. <a href=\"https:\/\/t.co\/c0P8yKlyQt\">https:\/\/t.co\/c0P8yKlyQt<\/a><\/p>\n<p>&mdash; SBF (@SBF_FTX) <a href=\"https:\/\/twitter.com\/SBF_FTX\/status\/1599511560384225281?ref_src=twsrc%5Etfw\">December 4, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>FTX, which is headquartered in the Bahamas, was <a href=\"https:\/\/www.dailywire.com\/news\/30-year-old-billionaire-loses-entire-fortune-overnight-as-his-bahamas-based-cryptocurrency-empire-implodes\" target=\"_blank\" rel=\"noopener\">launched<\/a> in 2019 and had accrued more than one million users by 2022. Users suddenly demanded $6 billion in withdrawals after an article published by CoinDesk revealed last month that the two arms of Bankman-Fried\u2019s cryptocurrency empire, FTX and Alameda Research, had significant overlap on their balance sheets in the form of the cryptocurrency FTT, which FTX invented. Rival firm Binance, which had been planning to purchase FTX, announced that it would discharge all holdings in the coin and eventually reversed course on the acquisition.<\/p>\n<p>The disheveled 30-year-old went from boasting a $15.6 billion net worth to having \u201cno material wealth\u201d over the span of approximately two days. Federal and state officials are now investigating whether Bankman-Fried broke laws with his actions at the company.<\/p>\n<p>Bankman-Fried was the second largest donor for Democrats this last election cycle, only behind megadonor George Soros, giving at least $38 million to leftist causes, PACs, and candidates, Fox News <a href=\"https:\/\/www.foxnews.com\/politics\/troubled-crypto-boss-sam-bankman-fried-lost-15b-week-funneled-millions-dems-far-left-causes\" target=\"_blank\" rel=\"noopener\">reported<\/a>.<\/p>\n<p>Politico <a href=\"https:\/\/www.politico.com\/news\/2022\/11\/10\/crypto-megadonor-sam-bankman-fried-00066062\" target=\"_blank\" rel=\"noopener\">reported<\/a> that Bankman-Fried was a top resource to whom Democrats went when lawmakers began looking at ways to regulate cryptocurrencies because of \u201chis willingness to write multimillion dollar checks to boost Democrats.\u201d<\/p>\n<p>Bankman-Fried <a href=\"https:\/\/www.cnbc.com\/2022\/05\/24\/crypto-billionaire-says-he-could-spend-a-record-breaking-1-billion-in-2024-election.html\" target=\"_blank\" rel=\"noopener\">said<\/a> earlier this year that he was preparing to spend between $100 million and $1 billion on the presidential election in 2024 to keep Democrats in the White House.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>House Financial Services Committee Chairwoman Rep.\u00a0Maxine Waters (D-CA) is reportedly not planning to subpoena disgraced former FTX CEO Sam Bankman-Fried to testify in front of the committee next week about the company\u2019s rapid collapse. CNBC reported citing sources that Waters informed members of her decision Tuesday during a private meeting with Securities and Exchange Commission &#8230;<\/p>\n","protected":false},"author":102,"featured_media":1890634,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"BREAKING: Maxine Waters Not Planning On Subpoenaing Sam Bankman-Fried To Testify On FTX Collapse: Report","footnotes":""},"categories":[541],"tags":[],"class_list":["post-1766832","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"BREAKING: Maxine Waters Not Planning On Subpoenaing Sam Bankman-Fried To Testify On FTX Collapse: Report","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1766832","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/102"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1766832"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1766832\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1890634"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1766832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1766832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1766832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}