Updated Dec 10, 2022 - Economy & Business
Sam Bankman-Fried will testify before House committee next Tuesday
Sam Bankman-Fried will testify before the House Committee on Financial Services next Tuesday as part of the panel's investigation into FTX's collapse.
Why it matters: Bankman-Fried has embarked on a wide-ranging media tour after the company filed for bankruptcy but hasn't testified under oath.
- The former CEO missed a separate deadline on Thursday to respond to the Senate Banking Committee, which wants him to testify at its upcoming hearing.
- Bankman-Fried could face a subpoena if he doesn't agree to testify voluntarily.
Driving the news: His testimony before the House Committee on Financial Services follows a back-and-forth between Bankman-Fried and the panel's chair on Twitter.
- Bankman-Fried told Rep. Maxine Waters (D-Calif.) earlier this month that he wanted to finish "learning and reviewing what happened" before he appeared in front of Congress.
What he's saying: "I still do not have access to much of my data — professional or personal," Bankman-Fried tweeted Friday. "So there is a limit to what I will be able to say, and I won't be as helpful as I'd like."
- "But as the committee still thinks it would be useful, I am willing to testify on the 13th," he added.
Editor's note: This story has been updated with additional details.