Fallout is continuing from the collapse of cryptocurrency institution FTX, and now one Pennsylvania senator is looking for more information from the company’s founder.
Republican Pat Toomey says that the Senate Banking Committee is asking for Sam Bankman-Fried to testify at their upcoming hearing on FTX’s collapse.
Toomey adds that the committee will consider “further action,” including issuing a subpoena, if Bankman-Fried does not comply.
Toomey says the collapse of FTX caused “real financial harm to consumers, and effects have spilled over into other parts of cryptocurrency.
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