US Senator calls on Sam Bankman-Fried to answer for the failure of FTX and Alameda Research

The House Committee on Financial Services and Banking, and the Senate Committee on Housing and Urban Affairs are holding separate crypto exchange-related hearings with US Senator Sherrod Brown (D-Ohio), Chair of Banking, Housing and Urban Affairs. The chairman sends a letter to the former CEO on Wednesday asking him to participate in the hearing of the crypto crash and to be present in the hearing. Where the bubble burst on December 14th and why consumers lost it would be a title in which the letter reads that as the founder of FTX Trading Ltd and the owner and former CEO of Alameda Research who served as both of you Institutional Failure and both of you are held accountable for the mistakes that were made, at least partially, and the clear misappropriation of client funds and the loss of billions to more than 1 million creditors. What is your reaction, you have to share it with everyone which is absolutely necessary. where you have to explain how you’re accountable for all of these things and how you respond to it where the senator continued that there are still important questions that haven’t been answered as to how the customer’s money You will need to explain whether the money was misused or how the customer was held out for their own money and how you planned a cover-up.
whereupon Brown stated that he voluntarily provided witnesses and clues that traditionally had been asked to appear before the committee and responded to the SBF staff at 5:00 p.m. to discuss his participation in the hearing. asked to appear and the MLA warned that if you do not appear and you are not ready for the hearing, he will
Pat is able to issue subpoenas against him to compel him to testify, along with Tommy, and it is decided that proceedings will take place against you where the company is now being investigated for misappropriation of client funds and it is discovered that New CEO John Ray, who is being told to the court that he has not seen such a big blunder or such a big corporate failure in his entire career, where only trusted persons have not completely disclosed the information. Meanwhile, the House Committee on Financial Services The former CEO has been invited by Speaker Rep. Maxine Waters to a committee hearing on December 13 where the co-founder has been tweeted several times but has not been subpoenaed or compelled to testify While the Congresswoman has also been heavily criticized for her polite approach in inviting him and tweeting that she is commended for clarifying the discussion about what she did with FTX, Waters tweeted on Wednesday Lies are being spread on some CNB and that not ready to testify and is only being requested to testify this subpoena is definitely on the table and the brothers would like it not to get to where the former CEO said last week that unless He will finish his reading and review what happened then he is expected to testify by December 13th when he will testify.