{"id":520074,"date":"2022-12-02T23:15:00","date_gmt":"2022-12-02T20:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/dems-and-reps-join-forces-to-pressure-sbf-to-testify-before-congress\/"},"modified":"2022-12-02T23:15:00","modified_gmt":"2022-12-02T20:15:00","slug":"dems-and-reps-join-forces-to-pressure-sbf-to-testify-before-congress","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/dems-and-reps-join-forces-to-pressure-sbf-to-testify-before-congress\/","title":{"rendered":"# Dems and Reps join forces to pressure SBF to testify before Congress"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a34be40c36f9\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a34be40c36f9\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/dems-and-reps-join-forces-to-pressure-sbf-to-testify-before-congress\/#%E2%80%9D_Dems_and_Reps_join_forces_to_pressure_SBF_to_testify_before_Congress_%E2%80%9C\" >&#8221; Dems and Reps join forces to pressure SBF to testify before Congress &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Dems_and_Reps_join_forces_to_pressure_SBF_to_testify_before_Congress_%E2%80%9C\"><\/span>&#8221; Dems and Reps join forces to pressure SBF to testify before Congress &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTIvMTliMjNmZjUtYjRkMC00ZDgxLThkYTEtMmI1MDlhOGNiNWJmLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-471f9776>The leadership with the United States House Financial Services Committee have separately called on former FTX CEO Sam Bankman-Fried to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ear in an investigative hearing scheduled for Dec. 13.<\/p>\n<p>In Dec. 2 posts on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a>, House Financial Services Committee chair Maxine Waters, a Democrat, and ranking member Patrick McHenry, a Republican, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/RepMaxineWaters\/status\/1598693811252875264\">requested<\/a> SBF speak at a hearing aimed at investigating the events around the collapse of FTX. It\u2019s unclear if the U.S. lawmakers intended the former FTX CEO to appear in person or remotely from the Bahamas. <\/p>\n<p>\u201c[Sam Bankman-Fried], we appreciate that you&#8217;ve been candid in your discussions about what happened at FTX,\u201d <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/PatrickMcHenry\/status\/1598694454231277569\">said<\/a> Waters. \u201cYour willingness to talk to the public will help the company&#8217;s customers, investors, and others.\u201d<\/p>\n<p>\u201cAs you said, [Sam Bankman-Fried], you have a duty to \u2018try to do what\u2019s right\u2019 and to \u2018help customers out here,\u2019\u201d said McHenry. \u201cIf this is a true statement, testify before the House Financial Services Committee on 12\/13.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/SBF_FTX?ref_src=twsrc%5Etfw\">@SBF_FTX<\/a>, we appreciate that you&#8217;ve been candid in your discussions about what happened at <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/FTX?src=hash&amp;ref_src=twsrc%5Etfw\">#FTX<\/a>. Your willingness to talk to the public will help the company&#8217;s customers, investors, and others. To that end, we would welcome your participation in our hearing on the 13th.<\/p>\n<p>\u2014 Maxine Waters (@RepMaxineWaters) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/RepMaxineWaters\/status\/1598693811252875264?ref_src=twsrc%5Etfw\">December 2, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>The House committee said in November it expected to hear from companies and individuals involved in the downfall of FTX, including Bankman-Fried, Alameda Research, and Binance. The major crypto exchange filed for Chapter 11 bankruptcy on Nov. 11, with subsequent filings revealing the firm could be accountable to more than 1 million creditors.<\/p>\n<p>U.S. lawmakers in the Senate Agriculture Committee held a similar hearing on Dec. 1, questioning Commodity Futures Trading Commission chair Rostin Behnam on FTX\u2019s downfall and the impact on traditional financial markets. Behnam pointed to \u201cgaps in a federal regulatory framework\u201d that could potentially lead to investors losing funds in another major exchange\u2019s collapse without additional authority for the financial regulator. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Is Bitcoin the only crypto that will survive FTX?<\/em><\/strong><\/p>\n<p>Some Crypto Twitter users pointed out that Bankman-Friend had donated millions of dollars to political candidates in the U.S. 2022 midterm elections. According to data <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/docs.google.com\/spreadsheets\/d\/13Wq2kPw3C4X_50Tqc8H9mMrNynuwTlURDX1QWT3T_ck\/edit#gid=550801249\">reported<\/a> by Opensecrets.org, these contributions included $5,000 donations to a political action committee supporting Iowa Representative Cindy Axne and New Jersey Representative Josh Gottheimer \u2014 both members of the House Financial Services Committee. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Rep. Waters, we appreciate that you&#8217;re holding a hearing on the 13th, and we look forward to substantive factfinding about what happened at FTX. I am certain that factfinding will show that <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/SBF_FTX?ref_src=twsrc%5Etfw\">@SBF_FTX<\/a> has not, in fact, been candid in his discussions. He committed fraud, full stop.<\/p>\n<p>\u2014 Jake Chervinsky (@jchervinsky) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/jchervinsky\/status\/1598724898800558080?ref_src=twsrc%5Etfw\">December 2, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Since FTX\u2019s bankruptcy, Bankman-Fried has stepped up his media appearances, repeatedly apologizing for mistakes leading to the exchange\u2019s collapse. A Nov. 16 report suggested officials were considering extraditing the former CEO to the U.S. for questioning, but at the time of publication, Bankman-Friend was still in the Bahamas. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/dems-and-reps-join-forces-to-pressure-sbf-to-testify-before-congress\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Dems and Reps join forces to pressure SBF to testify before Congress &#8220; The leadership with the United States House Financial Services Committee have separately called on former FTX CEO Sam Bankman-Fried to appear in an investigative hearing scheduled for Dec. 13. In Dec. 2 posts on Twitter, House Financial Services Committee chair Maxine&#8230;<\/p>\n","protected":false},"author":1,"featured_media":520075,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTIvMTliMjNmZjUtYjRkMC00ZDgxLThkYTEtMmI1MDlhOGNiNWJmLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[135234,89897,52214,32681,70934],"class_list":["post-520074","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-ftx","tag-sam-bankman-fried","tag-congress","tag-politics","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/520074","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=520074"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/520074\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/520075"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=520074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=520074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=520074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}