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Maxine Waters tasked with investigating disgraced FTX founder, but unearthed video throws up red flags

November 18, 2022 | | Print Article

The House Financial Services Committee announced Wednesday that it will hold a hearing next month to dig into the catastrophic collapse of crypto exchange FTX and the company’s founder, former billionaire soy boy, Sam Bankman-Fried, known simply as “SBF,” will be hauled before Congress.

As the chairwoman of that committee, it falls to Rep. Maxine Waters (D-Calif.) to lead the investigation with Patrick McHenry (R-N.C.).

Now, to be fair, anytime Waters opens her mouth, it’s likely that controversy will soon follow, but when video of the aging Rep. blowing a kiss to the guy she’s meant to investigate resurfaces, it’s enough to send Twitter into a full-scale meltdown.

In December 2021,  Waters called a hearing in which the chief executives of six cryptocurrency companies gave testimony before her committee. Among them was SBF, and it appears that she and the FTX founder hit it off.

Following the five-hour event, SBF took to Twitter and thanked both Waters and Rep. Patrick McHenry (R-N.C.) for the “productive” meeting.

“I came in expecting some hostility and grandstanding, but instead found the discussion to be by and large productive and helpful,” he said. “I’m excited to keep engaging with lawmakers and regulators to refine the regulatory landscape.”

As independent journalist Jordan Schachtel noted, Waters and McHenry “are the two lawmakers responsible for the investigation.”


Schachtel posted pictures of Waters and SBF posing together, showing how chummy things apparently got in December.

That air kiss — the one that is now calling into question Waters’ ability to impartially investigate the busted scam artist — came the same day as SBF’s gushing gratitude.

“Incredible,” Schachtel tweeted.


And that’s about the kindest word Twitter has for the aging lawmaker.

“Maxine Waters chairing the investigation into FTX is like Eric Swalwell chairing an investigation into Chinese spies,” one user tweeted.

“PUTTING MAXINE WATERS IN CHARGE OF THE FTX INVESTIGATION IS LIKE PUTTING A FOX IN CHARGE OF THE HEN HOUSE. SHE WILL TRY TO COVER UP THE KICKBACKS TO CONGRESS FROM FTX,” another exclaimed in all caps.

“Maxine Waters is chairing the investigation into FTX,” said a third. “This makes as much sense as Katie Hobbs presiding over the vote counting in her own race for governor.”

All tweets aside, to hear Waters tell it, she’s really, really upset over SBF’s malfeasance, despite the millions he donated to the Democrat Party.

“The fall of FTX has posed tremendous harm to over one million users, many of whom were everyday people who invested their hard-earned savings into the FTX cryptocurrency exchange, only to watch it all disappear within a matter of seconds,” she said, according to The Hill. “Unfortunately, this event is just one out of many examples of cryptocurrency platforms that have collapsed just this past year.”

Republished with permission from American Wire News Service.

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Melissa Fine
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