Following up on the unfolding of crypto trade FTX, the Senate Banking Committee stated it needs Sam Bankman-Fried, the trade’s founder and former CEO, to seem in particular person subsequent week to debate the collapse of the trade. If he doesn’t voluntarily testify, the committee will subpoena him, in line with a letter from its leaders on Wednesday. “FTX’s collapse has triggered actual monetary hurt to customers, and results have spilled over into different components of the crypto business. The American individuals want solutions about Sam Bankman-Fried’s misconduct at FTX,” the lawmakers stated in an announcement.
