After a weeks-long media circus culminating in Sam Bankman-Fried’s arrest on Monday, the Senate Banking Committee held a muted hearing on Wednesday, calling four expert witnesses representing opposite sides of the crypto skeptic spectrum.
Last week, chair Sherrod Brown (D-Ohio) and ranking member Pat Toomey (R-Penn.) invited Bankman-Fried to testify under threat of subpoena. After he declined, Brown and Toomey issued a statement that the disgraced crypto founder’s lawyers were “unwilling to accept service of a subpoena” with their client still in the Bahamas. Following his arrest on Monday, the drama lost its relevance.
