According to Fortune reporter Leo Schwartz, Maxine Waters, chairman of the U.S. House of Representatives Financial Services Committee, issued a statement on the arrest of SBF, expressing surprise at the timing of the arrest, because SBF has planned to attend the hearing of the chairman of the House Financial Services Committee on the FTX crash tomorrow. "While the SBF must be held accountable, the American public has the right to hear directly from the SBF about actions that have harmed more than a million people and wiped out so many people's hard-earned life savings, and the public has been eagerly waiting to be heard in Congress Getting these answers, and the timing of this arrest deprives the public of that opportunity. While I'm disappointed we won't be able to hear from the SBF tomorrow, we remain committed to figuring out what happened and the committee looks forward to hearing from the new FTX chief tomorrow Ray III, Chief Executive Officer and Chief Restructuring Officer, began our investigation."