More

    FTX News: US Rep Maxine Waters Urges Urgent Sam Bankman-Fried’s Hearing


    FTX News: Congresswomen Maxine Waters urges an urgent congressional hearing of former FTX founder Sam Bankman-Fried and other executives of FTX and sister firm Alameda Research.

    FTX recently asked Congress members to return funds donated by Sam Bankman-Fried and other FTX executives. Waters is one of the few Congress members who received political donations from Sam Bankman-Fried.

    Maxine Waters Calls For Urgent Resolution of FTX Case and Sam Bankman-Fried’s Testimony

    Ranking Member Maxine Waters on February 10 sent a letter to Patrick McHenry, Chairman of the U.S. House Committee on Financial Services, to call on Sam Bankman-Fried to testify before the committee. She also urges continuing the bipartisan effort to get to the bottom of FTX collapse.

    Earlier on Friday, Patrick McHenry sent a letter to SEC Chair Gary Gensler seeking all records on the coordinated investigation with the U.S. DOJ on FTX, Sam Bankman-Fried, and other executives. McHenry gave Gensler two weeks to submit all records.

    The U.S. House Committee on Financial Services oversees the work of the US SEC, the U.S. Federal Reserve, the Department of the Treasury, and other financial services regulators.

    Waters urges McHenry to immediately ensure the presence of all FTX and Alameda executives in a congressional hearing to urgently conclude their process on the FTX crisis. Also, she wants to take the urgently needed steps to pass legislation in a bipartisan manner that protects investors and prevents another failure like FTX.

    FTX News: FTX Asks Politicians to Return Donations

    FTX under new CEO John Ray III sent confidential letters to politicians who received almost $93 million in campaign donations from Sam Bankman-Fried and other FTX executives. Congresswomen Maxine Waters is one of the politicians who received donations from Sam Bankman-Fried for political campaigns.

    In other FTX news, Sam Bankman-Fried and federal prosecutors reached an agreement regarding his use of encrypted messaging apps and communications with former FTX employees.

    Also Read: Ethereum Price Reaches $1500 Psychological Support, Massive Fall Coming?

    Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his knowledge about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for a substantial period and is currently covering all the latest updates and developments in the crypto industry.

    The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

    Stay in the Loop

    Get the daily email from CryptoNews that makes reading the news actually enjoyable. Join our mailing list to stay in the loop to stay informed, for free.

    Latest stories

    - Advertisement - spot_img

    You might also like...

    bitcoin
    Bitcoin (BTC) $ 27,181.28
    ethereum
    Ethereum (ETH) $ 1,892.46
    tether
    Tether (USDT) $ 0.999306
    bnb
    BNB (BNB) $ 307.08
    usd-coin
    USD Coin (USDC) $ 1.00
    xrp
    XRP (XRP) $ 0.520464
    staked-ether
    Lido Staked Ether (STETH) $ 1,888.89
    cardano
    Cardano (ADA) $ 0.376573
    dogecoin
    Dogecoin (DOGE) $ 0.072687
    solana
    Solana (SOL) $ 21.15
    matic-network
    Polygon (MATIC) $ 0.899766
    tron
    TRON (TRX) $ 0.0818
    litecoin
    Litecoin (LTC) $ 96.45
    polkadot
    Polkadot (DOT) $ 5.28
    binance-usd
    Binance USD (BUSD) $ 1.00
    shiba-inu
    Shiba Inu (SHIB) $ 0.000009
    avalanche-2
    Avalanche (AVAX) $ 14.51
    dai
    Dai (DAI) $ 1.00
    wrapped-bitcoin
    Wrapped Bitcoin (WBTC) $ 27,191.29
    uniswap
    Uniswap (UNI) $ 5.08
    leo-token
    LEO Token (LEO) $ 3.61
    chainlink
    Chainlink (LINK) $ 6.39
    cosmos
    Cosmos Hub (ATOM) $ 10.67
    okb
    OKB (OKB) $ 46.04
    monero
    Monero (XMR) $ 147.04
    the-open-network
    Toncoin (TON) $ 1.74
    ethereum-classic
    Ethereum Classic (ETC) $ 18.17
    stellar
    Stellar (XLM) $ 0.092222
    bitcoin-cash
    Bitcoin Cash (BCH) $ 114.90
    internet-computer
    Internet Computer (ICP) $ 4.81
    filecoin
    Filecoin (FIL) $ 4.90
    true-usd
    TrueUSD (TUSD) $ 0.999498
    lido-dao
    Lido DAO (LDO) $ 2.30
    aptos
    Aptos (APT) $ 8.94
    quant-network
    Quant (QNT) $ 115.14
    hedera-hashgraph
    Hedera (HBAR) $ 0.050515
    arbitrum
    Arbitrum (ARB) $ 1.22
    crypto-com-chain
    Cronos (CRO) $ 0.059577
    near
    NEAR Protocol (NEAR) $ 1.62
    vechain
    VeChain (VET) $ 0.019849
    the-graph
    The Graph (GRT) $ 0.129101
    apecoin
    ApeCoin (APE) $ 3.12
    algorand
    Algorand (ALGO) $ 0.152095
    the-sandbox
    The Sandbox (SAND) $ 0.568922
    eos
    EOS (EOS) $ 0.91096
    paxos-standard
    Pax Dollar (USDP) $ 1.00
    frax
    Frax (FRAX) $ 0.997292
    elrond-erd-2
    MultiversX (EGLD) $ 38.03
    rocket-pool
    Rocket Pool (RPL) $ 49.28
    optimism
    Optimism (OP) $ 1.48
    render-token
    Render (RNDR) $ 2.58
    aave
    Aave (AAVE) $ 63.27
    fantom
    Fantom (FTM) $ 0.319729
    decentraland
    Decentraland (MANA) $ 0.487186
    blockstack
    Stacks (STX) $ 0.616537
    tezos
    Tezos (XTZ) $ 0.908581
    theta-token
    Theta Network (THETA) $ 0.83475
    rocket-pool-eth
    Rocket Pool ETH (RETH) $ 2,031.62
    axie-infinity
    Axie Infinity (AXS) $ 7.18
    immutable-x
    ImmutableX (IMX) $ 0.794844
    flow
    Flow (FLOW) $ 0.729561
    havven
    Synthetix Network (SNX) $ 2.34
    usdd
    USDD (USDD) $ 1.00
    neo
    NEO (NEO) $ 10.50
    gala
    GALA (GALA) $ 0.030343
    bitdao
    BitDAO (BIT) $ 0.498382
    kucoin-shares
    KuCoin (KCS) $ 7.43
    whitebit
    WhiteBIT Token (WBT) $ 4.91
    curve-dao-token
    Curve DAO (CRV) $ 0.848778
    radix
    Radix (XRD) $ 0.067438
    bitget-token
    Bitget Token (BGB) $ 0.464998
    injective-protocol
    Injective (INJ) $ 7.98
    bitcoin-sv
    Bitcoin SV (BSV) $ 32.84
    gatechain-token
    Gate (GT) $ 4.45
    maker
    Maker (MKR) $ 674.99
    klay-token
    Klaytn (KLAY) $ 0.185014
    gemini-dollar
    Gemini Dollar (GUSD) $ 1.00
    iota
    IOTA (MIOTA) $ 0.204501
    conflux-token
    Conflux (CFX) $ 0.268749
    bittorrent
    BitTorrent (BTT) $ 0.0000005919456
    kava
    Kava (KAVA) $ 1.01
    pepe
    Pepe (PEPE) $ 0.000001
    chiliz
    Chiliz (CHZ) $ 0.101665
    tokenize-xchange
    Tokenize Xchange (TKX) $ 6.42
    pax-gold
    PAX Gold (PAXG) $ 1,951.59
    casper-network
    Casper Network (CSPR) $ 0.046236
    mina-protocol
    Mina Protocol (MINA) $ 0.544838
    xdce-crowd-sale
    XDC Network (XDC) $ 0.035812
    terra-luna
    Terra Luna Classic (LUNC) $ 0.000085
    compound-ether
    cETH (CETH) $ 38.17
    sui
    Sui (SUI) $ 0.936771
    gmx
    GMX (GMX) $ 55.69
    dash
    Dash (DASH) $ 42.54
    tether-gold
    Tether Gold (XAUT) $ 1,950.97
    huobi-token
    Huobi (HT) $ 2.95
    ecash
    eCash (XEC) $ 0.000025
    frax-share
    Frax Share (FXS) $ 6.54
    trust-wallet-token
    Trust Wallet (TWT) $ 1.07
    frax-ether
    Frax Ether (FRXETH) $ 1,890.40
    woo-network
    WOO Network (WOO) $ 0.240132