Credit - CoinDesk
Dec 9, 2022 at 8:20 p.m.
Updated Dec 10, 2022 at 2:12 a.m.
9 Dec 2022
The chair of the House Financial Services Committee, Maxine Waters, said SBF's attendance was "imperative."
Sam Bankman-Fried, the former chief executive of failed crypto exchange FTX, has said he'll testify at a Dec. 13 meeting of the House Financial Services Committee.
Bankman-Fried Friday tweeted he was "willing" to testify in response to requests from committee chair Maxine Waters (D-Calif.) who had said his attendance was "imperative."
Bankman-Fried said his contribution would be limited, as he says he still does not have access to the personal and professional data that could underpin testimony.
He resigned on Nov. 11, the day the company filed for bankruptcy protection in the aftermath of revelations published in CoinDesk concerning FTX's relationship to sister company Alameda Research.
Waters tweeted on Wednesday night that a subpoena was "definitely on the table" should Bankman-Fried decline to attend. Since resigning, allegations have emerged of poor governance, inadequate risk management and inappropriate use of customer funds at the exchange under Bankman-Fried's leadership.
Prior to his resignation he was a major political donor and influential figure in Washington, D.C., backing a bill to regulate digital commodities.