Former and current CEOs of FTX have been listed to attend two consecutive hearings on 12/13 and 12/14.
The U.S. House of Representatives and Senate will each hold congressional hearings on 12/13 and 12/14. For FTX stakeholders, the hearing hosted by the House Financial Services Committee on 12/13 may bring positive impacts, with both current and former CEOs of FTX, SBF and John J. Ray III, scheduled to attend.
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12/13 House Hearing: SBF Listed to Attend
According to the official website of the House Financial Services Committee, SBF has been listed in the second group of witnesses.
Prior to this, House Financial Services Committee Chair Maxine Waters was criticized for bias, and after CNBC extensively reported on SBF's significant donations to the Democratic Party, she publicly emphasized that SBF would definitely be summoned to attend the hearing.
SBF stated on 12/9 that as he still does not have access to key data, his testimony may be limited, but considering the committee believes his testimony will be helpful, he is willing to attend the hearing on 12/13. He will clarify the following points:
FTX US's ability to reimburse U.S. users
Ways to return assets to FTX users
His perceived main cause of the collapse
Personal failures
1) I still do not have access to much of my data — professional or personal. So there is a limit to what I will be able to say, and I won't be as helpful as I'd like.
But as the committee still thinks it would be useful, I am willing to testify on the 13th. https://t.co/KR34BsNaG1
— SBF (@SBF_FTX) December 9, 2022
12/14 Senate Hearing
According to the official website of the Senate Committee on Banking, Housing, and Urban Affairs, the list of attendees includes:
Hilary J. Allen, Professor at the American University Washington College of Law
Kevin O’Leary, FTX spokesperson and host of "Shark Tank"
Jennifer J. Schulp, Director of the Cato Institute's Center for Monetary and Financial Alternatives
Actor and writer Ben McKenzie Schenkkan
Ben McKenzie has always been a cryptocurrency skeptic and frequently criticizes related crypto current events on Twitter.
Kevin O’Leary has occasionally expressed support for SBF after the incident, but his presence may not be of much help to the large number of FTX affected users.
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