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Bankman-Fried, 30, faces scrutiny by regulators in the United
States and elsewhere over the stunning collapse of Bahamas-based
crypto-exchange FTX, which filed for bankruptcy last month after
a liquidity crisis that saw at least $1 billion of customer
funds vanish.
The House Financial Services Committee has scheduled a hearing
into the matter for Tuesday. CNBC reported that Waters, a
Democrat who chairs the panel, had no intention of subpoenaing
Bankman-Fried if he does not voluntarily testify.
"Lies are circulating @CNBC that I am not willing to subpoena @SBF_FTX,"
Waters said on Twitter. "He has been requested to testify at the
December 13th hearing. A subpoena is definitely on the table.
Stay tuned."
Waters had earlier said it was imperative that the FTX founder
testify and that the committee was "willing to schedule
continued hearings if there is more information to be shared
later."
Bloomberg News reported separately that two U.S. senators were
also seeking Bankman-Fried's testimony and would subpoena him if
necessary.
The New York Times reported on Wednesday that federal
prosecutors were investigating whether Bankman-Fried manipulated
the market for two cryptocurrencies, leading to their collapse
and the implosion of his own exchange.
Bankman-Fried was considered a crypto wunderkind and was one of
the largest donors to Democratic Party candidates and causes
before FTX filed for bankruptcy last month.
He said last week that he would not be surprised if he traveled
to Washington for congressional hearings, while appearing to
distance himself from suggestions of fraud.
(Reporting by Jyoti Narayan in Bengaluru and Dan Whitcomb in Los
Angeles; Editing by Leslie Adler and Edmund Klamann)
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