Sam Bankman-Fried to Testify Before US Congress...but With a Twist

FTX founder Sam Bankman-Fried has announced he will testify before the United States Congress after taking time to review the implosion of his cryptocurrency exchange.

 The House Financial Services Committee invited Bankman-Fried to testify at a Dec. 13 hearing. However, the former CEO is planning on doing it at his own pace.

He said on Twitter, "Once I have finished learning and reviewing what happened, I would feel like it was my duty to appear before the committee and explain. I'm not sure that will happen by the 13th. But when it does, I will testify."

Bankman-Fried wrote the tweet in reply to Maxine Waters, the Democratic congresswoman who chairs the committee, after she invited him to appear at a hearing scheduled to examine FTX’s collapse. In addition to that, Rep. Patrick McHenry, R-N.C., who is likely to chair the committee next year, also pressed Bankman-Fried to appear at the hearing.