cryptonews: Sen. Sherrod Brown didn't see any reason to try the carrot out on FTX founder Sam Bankman-Fried before turning to the stick.👀
Sen. Sherrod Brown didn't see any reason to try the carrot out on FTX founder Sam Bankman-Fried before turning to the stick.
But unlike outgoing House Financial Services Committee Chairwoman Maxine Waters, the Ohio Democrat's Dec. 7 letter didn't try tointo dropping his guard by praising his "candor" in previous interviews — a comment that caused some anger in the crypto community. Bankman-Fried allegedly allowed the now-bankrupt FTX exchange to try to bail out his trading firm, Alameda Research, by secretly loaning it as much as $10 billion belonging to more than one million FTX customers — who had been told their funds would not be loaned out."If you, I am prepared, along with Ranking [Republican] Member Pat Toomey, to issue a subpoena to compel your testimony."
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Senate Banking Committee calls on Bankman-Fried to testify on Dec. 14'You must answer for the failure' of FTX and Alameda, reads a letter from Senate leadership to Sam Bankman-Fried.
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