House Financial Services Chief Waters Not Planning to Subpoena Sam Bankman-Fried: Report

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 report from CNBC.

This is a developing story and will be updated.