Get. Maxine Waters, chair of the Home Monetary Companies Committee, announced on Wednesday that former FTX CEO Sam Bankman-Fried will most definitely be subpoenaed if he doesn’t agree to testify voluntarily.

In a tweet, Waters, who serves as chair for the US Home Committee on Monetary Companies, publicly refuted a CNBC file that claimed she had no plans to subpoena Bankman-Fried.

“Lies are circulating on CNBC that I am now not intelligent to subpoena SBF. He has been requested to testify at the December 13th listening to. A subpoena is undoubtedly on the desk. Defend tuned,” stated Waters.

The monetary outlet had cited folks with mutter data of a non-public assembly between Waters and varied Democrats, the save the congresswoman reportedly acknowledged she didn’t idea to subpoena the previous FTX chief.

Waters’ statements approach after a to and fro exchange on Twitter with Bankman-Fried between Dec. 3 and Dec. 8. Waters in the starting up referred to as for Bankman-Fried’s testimony with a neatly mannered quiz, which turned more and more stern after he made an excuse for now not being ready to relieve the listening to on Dec. 13.

Waters is now not by myself. Becoming a member of the chorus of congressional tension are senators Sherrod Brown and Pat Toomey, the chair and ranking member of the Senate Banking Committee. On Wednesday, the lawmakers echoed Waters, threatening to subpoena Bankman-Fried may maybe presumably additionally aloof he decline to testify voluntarily.

“The Committee has requested that he testify at our upcoming listening to on FTX’s cave in, and can protect in mind additional circulate if he doesn’t comply,” the senators wrote in a joint remark.

In the meantime, the previous FTX CEO is within the center of a series of inquiries from federal regulators. On Wednesday, Bloomberg reported that he had hired Ghislaine Maxwell’s protection attorney Effect Cohen to signify him in court docket.

Amongst a series of probes by authorities into the actions of FTX is an alleged inquiry into the exchange’s feature within the cave in of the Terra ecosystem. On Wednesday, the Unique York Times reported that federal prosecutors were having a gaze into the probability that Bankman-Fried old FTX and its sister firm Alameda Be taught to manipulate the cost of TerraUSD and LUNA.