Maxine Waters Decides Not to Subpoena Sam Bankman-Fried After Secretive Meeting with SEC Chief

Maxine Waters has conveniently declined to subpoena fallen crypto king Sam Bankman-Fried before Congress. House Financial Services Committee Chair Maxine Waters told Democrats she doesn’t plan to subpoena former FTX CEO Sam Bankman-Fried to testify at Tuesday’s hearing about the crypto exchange’s rapid demise, according to people with direct knowledge of the conversation. Waters informed committee members of her decision at a private meeting Tuesday with Securities and Exchange Commission Chair Gary Gensler on Capitol Hill, these people said, declining to be named in order to speak freely about private conversations. “House Financial Services Committee Chairwoman Maxine Waters told Democrats…