Even after adopting a <a href="https://decrypt.co/116489/maxine-waters-insists-sbf-attend-ftx-hearing" target="_blank">more assertive posture</a> on Twitter, it did not appear that House Financial Services Committee chair Maxine Waters intended to subpoena FTX founder Sam Bankman-Fried to testify before Congress on December 13, 2022, according to a CNBC report.

Dave Ripley – the incoming CEO of crypto exchange Kraken – said he has inside information that FTX scammed its users.&nbsp; He expects more contagion from the crisis, assuring that his entity would not be affected.

Speaking with Daniela Cambone of Stansberry Research, the CEO of Online Blockchain Clem Chambers <a href="https://www.youtube.com/watch?v=LC7VdsT3lcw" target="_blank">discussed</a> whether the worst was over for Bitcoin’s price. Chambers said:&nbsp;

Federal law enforcement is in touch with former FTX employees as part of a criminal investigation into the failed exchange and its sister hedge fund Alameda Research.&nbsp;

As the SBF/FTX case unfolds, it becomes more and more apparent that there are two sets of laws in this world; one for the rich and influential and one for the rest of us.

House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) told a group of Democrats that she doesn’t plan to subpoena former FTX CEO Sam Bankman-Fried to testify at a hearing on the crypto exchange’s collapse next week , according to <a href="https://www.cnbc.com/2022/12/07/ftx-maxine-waters-doesnt-plan-to-subpoena-sam-bankman-fried-to-testify-at-hearing-on-crypto-exchanges-collapse.html">a report from CNBC</a>.

Former FTX’s CEO has hired a new defence attorney after a previous legal representative dropped him in November.

Some people even assert that he will never see prison time, but I’ll get to that in a minute.

Alameda’s investments included high-profile companies like SpaceX, and a variety of crypto tokens like Polygon (MATIC), and NEAR.&nbsp;

Signature Bank (SBNY) will shrink its deposits tied to cryptocurrencies by $8 billion to $10 billion, signaling a move away from the digital asset industry for the bank that until recently had been one of the most crypto-friendly companies on Wall Street.

In an interview with Yahoo Finance on Dec. 6, Shark Tank’s Kevin O’Leary called for calm in the wake of FTX’s collapse. The exchange’s former CEO, Sam Bankman-Fried, should be understood as innocent unless evidence comes to light that shows he has committed fraud, O’Leary stated.&nbsp;&nbsp;

Binance CEO Changpeng “CZ” Zhao&nbsp;again denied that Sam Bankman-Fried was ever <a href="https://decrypt.co/114974/cz-says-sam-bankman-fried-was-badmouthing-binance-in-dc-but-they-werent-in-a-battle" target="_blank">a rival</a>, previously calling SBF a “<a href="https://decrypt.co/114923/only-a-psychopath-can-write-that-tweet-binance-ceo-cz-sbf" target="_blank">psychopath</a>” for even suggesting such a dynamic existed between the two crypto executives.

Rifts have emerged between defaulted crypto trading firm Orthogonal Trading and its own lending unit, Orthogonal Credit, after an <a href="https://www.coindesk.com/markets/2022/12/05/maple-finance-severs-ties-with-orthogonal-trading-alleging-it-misrepresented-financial-position/">apparent default on some $36 million of loans</a> on the blockchain-based lending platform Maple Finance.

Bankrupt <a href="https://cryptoslate.com/companies/ftx/">FTX</a> founder <a href="https://cryptoslate.com/people/sam-bankman-fried/">Sam Bankman-Fried</a> (SBF) has hired white-collar defense attorney Mark S. Cohen, as reported by <a href="https://www.reuters.com/technology/ftxs-bankman-fried-hires-white-collar-defense-attorney-mark-cohen-2022-12-06/">Reuters</a>.

FTX’s former CEO, Sam Bankman-Fried may have become synonymous with the FTX exchange collapse, but it’s much more than that.&nbsp;<a href="https://coingape.com/tag/alameda-research/">Alameda Research</a>, the trading firm of the FTX empire plays a much more crucial role in the whole FTX drama.

Top U.S. Lawmaker Calls Out SBF For Planning to Delay A Testimony on FTX Fall.

While the extradition of the failed exchange’s founder Sam Bankman-Fried seemed pretty logical from the beginning of the saga, last week, the 30-year-old got the first official call: The Texas State Securities Board (SSB) invited the former CEO to attend the hearing on the alleged sale of unregistered securities on Feb. 2. SSB’s director of enforcement Joe Rotunda hopes to get a Cease and Desist order from the judge during the hearing.

Crypto Twitter demands sending a subpoena to former FTX CEO Sam Bankman-Fried (SBF) to make him testify before the U.S. Congress. After SBF refuses the invitation by Maxine Waters, Chairwoman of the U.S. House Committee on Financial Services, to testify at the scheduled hearing on December 13, Waters compels SBF to attend the hearing on the said date.

Elon Musk has claimed that Sam Bankman-Fried, the former CEO of the defunct cryptocurrency exchange FTX, has contributed more than one billion dollars to the Democratic party in order to promote the party in the elections.

As the final month of 2022 gets underway, <a href="https://finbold.com/cryptocurrency/xrp/">XRP</a> is still among the top ten largest digital assets in the <a href="https://finbold.com/category/cryptocurrency-news/">crypto industry</a> by market capitalisation, despite the aftershocks caused by the collapse of what used to be one of the largest <a href="https://finbold.com/guide/best-cryptocurrency-trading-platforms/">crypto exchanges</a> in the world – <a href="https://finbold.com/review/ftx-review/">FTX</a>.