Star-studded Senate hearing illustrates massive divide over crypto in D.C. – By Leo Schwartz (Fortune) / Dec 14, 2022
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.
Instead, the Senate Banking Committee invited four witnesses, an odd pairing of two academics and two TV stars, O.C. veteran Ben McKenzie and Shark Tank host Kevin O’Leary.
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