Bankman-Fried Called to Testify in Congress

The transcript discusses the upcoming hearings involving Sam Bankman-Fried, who has not confirmed his attendance. The Senate Banking Committee, led by Sherrod Brown, has threatened a subpoena if he does not appear. The House, led by Maxine Waters, is also considering a subpoena. John Jay Ray, the acting CEO of FTX, will testify. The DOJ is investigating FTX's collapse, with potential overlaps between bankruptcy and criminal investigations. Southern District prosecutors are involved, known for handling complex financial crimes.

What was the consequence of Sam Bankman-Fried missing the RSVP deadline for the Senate hearing?

• He received a warning letter.

• He was fined immediately.

• A subpoena was issued.

• He was banned from future hearings.

Who is the top Republican on the Senate Banking Committee mentioned in the transcript?

• John Jay Ray

• Pat Toomey

• Maxine Waters

• Sherrod Brown

What role does John Jay Ray play in the FTX investigation?

• He is a journalist reporting on the case.

• He is a member of the Senate Banking Committee.

• He is the acting CEO overseeing FTX issues.

• He is a federal prosecutor.

What is the focus of the DOJ investigation into FTX?

• Market manipulation and financial crimes

• Tax evasion

• Money laundering

• Insider trading

Which group of officials is leading the investigation into the collapse of FTX?

• The Federal Reserve

• Manhattan federal prosecutors

• The House Financial Services Committee

• The Senate Banking Committee