{"id":37140,"date":"2023-02-08T09:32:35","date_gmt":"2023-02-08T09:32:35","guid":{"rendered":"https:\/\/lydian.io\/?p=37140"},"modified":"2023-02-08T09:32:36","modified_gmt":"2023-02-08T09:32:36","slug":"sam-bankman-fried-misses-deadline-to-respond-to-testimony-now-what","status":"publish","type":"post","link":"https:\/\/lydian.io\/sam-bankman-fried-misses-deadline-to-respond-to-testimony-now-what\/","title":{"rendered":"Sam Bankman-Fried Misses Deadline to Respond to Testimony, Now What?","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
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Crypto's primary public enemy, Sam Bankman-Fried, has missed an important deadline to verify his look at an upcoming Senate committee listening to.<\/p>\n
The previous FTX CEO missed a 5:00 p.m. ET Thursday, December 8, deadline to reply to a request from the Senate Banking Committee to testify on the committee's December 14 assembly. This has created the opportunity of a subpoena from Congress.<\/p>\n
On December 8, Senate Committee on Banking, Housing and City Affairs Chairman Sherrod Brown and senior committee member Senator Pat Toomey launched expression<\/a> on request.<\/p>\n \u201cFTX collapse has precipitated actual monetary injury to customers and the affect has spilled over to different elements of the crypto trade. The American folks want solutions about Sam Bankman-Fried's misconduct at FTX,\" they said, earlier than including:<\/p>\n \"The committee has requested him to testify at our upcoming FTX collapse listening to and can take into account additional motion if he fails to take action.\"<\/p>\n In line with the official committee website<\/a>the listening to, titled \u201cCrypto Crash: Why the FTX Bubble Burst and the Hurt to Customers,\u201d will likely be webcast on December 14.<\/p>\n Thus far, two witnesses have been confirmed to attend the listening to -- together with American College Washington Faculty of Regulation professor Hilary J. Allen and actor and writer Ben McKenzie Schenkkan.<\/p>\n Professor Allen is an educational whose analysis focuses on the affect of rising monetary applied sciences on monetary system stability. Ben McKenzie is an anti-crypto actor-turned-commentator who performed a troubled teenager on a US tv sequence known as The OC.<\/p>\n Messari founder Ryan Selkis commented on the futility of witness choice:<\/p>\n The Senate Banking FTX listening to is an entire goat rodeo and a mockery of the system.<\/p>\n I provided to go, though it could have been a distraction, however as an alternative the Senate selected the previous OC baby star and a \"by no means crypto\" educational. <\/p>\n One other waste of taxpayer $$$.<\/p>\n