Illustration by Mitchell Preffer for Decrypt

FTX’s Sam Bankman-Fried continued to hold the industry’s attention hostage after a public back-and-forth between Congresswoman Maxine Waters (D-CA) and yet more sparring with Binance’s CEO.

The Twitter chat with Maxine Waters, who is also chair of the House Financial Services Committee, actually kicked off last week, with the California politician inviting SBF to testify before the committee and even complimenting his “candid” discussion around the collapse of FTX. 

It wasn’t until this week, though, that her tone changed. “It is imperative that you attend our hearing on the 13th,” wrote Waters. 

The hearing, first announced days after FTX’s bankruptcy filing in November, is expected to unpack a bit more about how one of the industry’s largest crypto exchanges collapsed, leaving millions of investors without access to their money. 

After SBF’s waffling, claiming that he didn’t have enough information to be of use, Waters reminded viewers at home that a subpoena was “definitely on the table” should the former crypto founder fail to appear. 

This seemed to have been enough to convince SBF to continue the candid discussion. 

“I still do not have access to much of my data—professional or personal,” he tweeted. “So there is a limit to what I will be able to say, and I won’t be as helpful…


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