The Committee Chairwoman, Maxine Waters, on December 2, tweeted the invitation to the founder of the bankrupt exchange. Waters commended SBF’s candidness in discussing what happened at the firm, saying his “willingness to talk to the public will help the company’s customers, investors, and others.”
. @SBF_FTX , we appreciate that you've been candid in your discussions about what happened at #FTX . Your willingness to talk to the public will help the company's customers, investors, and others. To that end, we would welcome your participation in our hearing on the 13th. — Maxine Waters (@RepMaxineWaters) December 2, 2022
The House Committee scheduled an investigative hearing for the failed exchange on December 13. The Committee into FTX’s demise and its “broader consequences for the digital asset ecosystem.” It invited all related entities like Binance that played a role in the eventual collapse of the exchange.
Crypto Community Criticizes Waters’ SBF Invitation
Meanwhile, the crypto community has not taken Waters’ invitation kindly, as many have criticized the lawmaker for her choice of words.
Maxine, what are you doing? you sound obsequious, and i don't believe you understand how bad this looks (especially given your previous friendly relations with SBF) subpoena @SBF_FTX and demand that he appear before Congress to explain what happened https://t.co/jU6e1jIaXj — DCinvestor.eth ⌐◨-◨ (@iamDCinvestor) December 2, 2022
Crypto project LBRY, which recently lost a case to the US SEC, asked what it must do to get this friendly treatment from the government.
Hey Maxine Waters, we'd like to be treated nicely by the government the way criminals like SBF are. Can you let us know how much to write a check for and where to send it? Feel free to DM if you want to keep this private. — LBRY
License.
