Maxine Waters Praises FTX Founder Bankman-Fried for ‘Frank’ Interviews After Losing Billions
Democrats’ ties to FTX tarnish censorship efforts. FOX Business’ Hilary Vaughn with more on the collapse of the cryptocurrency exchange.
Democratic Rep. Maxine Waters of California praised the “frank” interviews that financier Sam Bankman-Fred gave to the press ahead of the House committee hearing.
Waters made the comment via social media on Friday. Bankman-Fried is scheduled to testify before the House Financial Services Committee on December 13.
“We appreciate that you have been candid in your discussions about what happened at FTX,” Waters said.
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She added, “Your willingness to speak with the public will help the company’s clients, investors and others. To that end, we welcome your participation in the hearing on the 13th.”
Bankman-Fried has appeared in a number of interviews in the past week, discussing the collapse of his cryptocurrency exchange FTX.
In his series of media posts, which included a live discussion with The New York Times, Bankman-Fried aimed to deflect blame from FTX management and denied any fraud.
FTX FOUNDER SAM BANKMAN-FRIED HIT WITH CLASS-ACTION LAWUIT ALSO CALLED BRADY, BUNDCHEN, SHAQ, CURRY
Rep. Maxine Waters, D-Calif., chair of the House Financial Services Committee, during a hearing in Washington, D.C., Wednesday, Sept. 21, 2022. (Al Drago/Bloomberg via Getty Images/Getty Images)
Overall, in 2021 and 2022, Bankman-Fried She donated nearly $38 million to various candidates and political action committees, mainly giving his money to Democratic candidates and left-wing groups, according to Federal Election Commission (FEC) filings.
The majority of his political donations have gone to Protect Our Future PAC, a group founded in January dedicated to strengthening candidates committed to preventing future pandemics.
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Sam Bankman-Fried, founder and former CEO of FTX Cryptocurrency Derivatives Exchange, speaks during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, Wednesday, August 17, 2022. (Jenna Moon/Bloomberg via Getty Images/Getty Images)
Bankman-Fried is currently facing a series of lawsuits, including a class action lawsuit by investors who allege that he and other high-profile celebrities — such as legendary NFL quarterback Tom Brady and NBA star Stephen Curry — violated Florida law and made consumers suffer even more. of $11 billion in damages.
The lawsuit, which refers to “Sam Bankman-Fried, Tom Brady, Gisele Bundchen, Stephen Curry, Golden State Warriors, Shaquille O’Neal, Odonis Haslem, David Ortiz, William Trevor Lawrence, Shuhei Ohtani, Naomi Osaka, Lawrence Gene David, and Kevin O’Leary, “seeks to make them “liable for the billions of dollars in damages I have caused to the plaintiff and the classes and to compel the defendants to make them whole.”
FOX Business’s Thomas Catenacci, Houston Kane, Greg Norman, and Kristin Altus contributed to this report.
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