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 are the implications of the subpoena mentioned in the text regarding the hearings?

What does the text suggest about the relationship between the bankruptcy and criminal investigations?