US Congressman Maxine water (D-CA.), Chair of the House Financial Services Committee, expressed surprise at the sudden arrest of Sam Bankman Fried in the Bahamas.

What happened: Rep. Waters issued a statement Tuesday after the arrest of the FTX FTT/USD Founder.

“I am surprised to hear that Mr. Sam Bankman-Fried has been arrested in the Bahamas on the orders of the United States Attorney for the Southern District of New York,” she said, adding that “the public has been eagerly awaiting this.” to get answers under oath before Congress, and the timing of this arrest denies the public that opportunity.”

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SBF was scheduled to appear before the US House Financial Services Committee the following day after his arrest; However, he accepted an invitation to testify before the Senate Banking Committee on Tuesday after initially declining that he would not appear before the committee until he was “done.” learn and check what happened.”

Both hearings are expected to take place without him.

“We received confirmation this afternoon from Mr. Bankman-Fried and his attorneys that he still intended to appear before the committee tomorrow but was then arrested,” Waters said.

FTX founder faces charges of wire fraud, wire fraud conspiracy, securities fraud. securities fraud conspiracy, and money laundering.

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