Sam Bankman-Fried has been called to testify before the US House Committee on Financial Services on 13 December by its chairwoman Maxine Waters. However, he says he is “not sure” whether this will be possible on that date.
Sam Bankman-Fried to testify on FTX
The FTX case continues, and as customers seek justice, Sam Bankman-Fried (SBF) has been invited to testify before the U.S. House Committee on Financial Services by its chair, Maxine Waters. In simple terms, this body is a division of the US Congress, which oversees the activities of the Federal Reserve (FED), the Treasury Department and the Securities and Exchange Commission (SEC).
It was on Twitter last Friday that Maxine Waters asked for SBF’s cooperation for a hearing on 13 December:
“We appreciate that you have been candid in your discussions about what happened at FTX. Your willingness to speak to the public will help the company’s customers [and] investors […]. To that end, we would welcome your participation in our hearing on the 13th. “
However, the pseudo-franchise being discussed is relative, given all the truths that have come to light since FTX exploded in flight.
Sam Bankman-Fried’s lunar response
When the president of a high authority of the state of which we are citizens asks us to testify, it is customary to accept this invitation. However, it seems that SBF is unaware of this custom, and so he allowed himself an evasive response to Maxine Waters:
Rep. Waters, and the House Committee on Financial Services:
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. https://t.co/c0P8yKlyQt
– SBF (@SBF_FTX) December 4, 2022
Sam Bankman-Fried says he will feel it is his duty to come forward and testify, but that he must first finish “learning and examining what happened”. As a result, he is “not sure that will happen by the 13th”.
For the moment, Maxine Waters has not reacted, at least not publicly. Beyond the fact that formalities relating to such a serious matter are taking place on Twitter, this situation is surprising, given how tough US regulators can be on less. The same regulators that SBF was telling to go fuck themselves a few weeks ago.
