Following up on the unfolding of crypto exchange FTX, the Senate Banking Committee said it wants Sam Bankman-Fried, the exchange’s founder and former CEO, to appear in person next week to discuss the collapse of the exchange. If he doesn’t voluntarily testify, the committee will subpoena him, according to a letter from its leaders on Wednesday. “FTX’s collapse has caused real financial harm to consumers, and effects have spilled over into other parts of the crypto industry. The American people need answers about Sam Bankman-Fried’s misconduct at FTX,” the lawmakers said in a statement.
