Sam Bankman-Fried Invited to Testify Before US House of Representatives, Crypto Twitter Reacts

Bankman-fried, the ceo of ftx, was invited to testify before the u.s. house of representatives financial services committee. representative maxine waters extended the invitation to bankman-fried to participate in a scheduled dec. 13 hearing in washington, d.c. bankman-fried replied to the invitation saying he is “not sure” he’ll be ready to participate by the 13th, which has caused some controversy on crypto twitter. paul grewal, chief legal officer at coinbase, tweeted that bankman-fried’s response was a disgrace and lbry criticized waters’ tone in the invitation.

Filed for bankruptcy on november 11, 2022, leading bankman-fried to go on what some have called an apology tour. during this time, bankman-fried has taken several high-profile interviews, including with good morning america’s george stephanopoulos and cnbc’s and the new york times’ andrew ross sorkin. bankman-fried told sorkin that the interviews have taken place against the advice of his legal counsel.

The interview with sorkin, bankman-fried reiterated that he did not knowingly mix customer funds. bankman-fried said that the relationship between ftx and trading firm alameda research was substantially more tied together than he would have wanted. he also said he did not knowingly commingle funds. waters tweeted that bankman-fried’s willingness to talk to the public will help the company’s customers, investors, and others.

By Evey Lovelace

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