Sam Bankman-Fried said Monday he will not appear in person before Congress on Tuesday because he is quite overbooked - and will instead answer questions from the Bahamas.
The prosecutors are looking into whether the scandal-hit Crypto King controlled the prices of two interlinked currencies in May, TerraUsd and Luna, to benefit the entities he controlled.
In a private meeting with SEC Chair Gary Gensler on Tuesday, Waters informed members of her decision not to force Bankman-Fried to testify about the failure of his crypto empire.
Sam Bankman-Fried has hired high-profile white collar defense attorney Mark S. Cohen to represent him, a spokesperson for the disgraced FTX founder has said.
Rep. Maxine Waters spoke highly of FTX founder Sam Bankman-Fried after the disgraced financier gave a series of interviews the congresswoman called "candid."