Bankman-Fried ‘Not Sure’ if he Will Appear at FTX Hearing in Washington

FTX founder might not be too keen on appearing before Congress – either in person or via Zoom.

Sam Bankman-Fried behind the US Capitol Building in Washington D.C,
  • House Financial Services Committee Chair invited SBF to appear
  • SBF seems reluctant to explain what happened before Congress
  • He says he’s not sure if he will have all the info by the 13th

Despite giving a series of interviews in the past few days, Sam Bankman-Fried seemed reluctant to testify before Congress.

The founder of the bankrupt exchange FTX, currently residing in the Bahamas, seemingly snubbed the request to appear at a congressional hearing about FTX’s collapse.


In response to the invitation by Committee Chair Rep. Maxine Waters, Bankman-Fried signaled that he might not be ready to appear at a Dec. 13 hearing to discuss what caused the FTX bankruptcy. Waters said that she would be willing to let him appear via video.

"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 responded in a tweet.

Bankman-Fried took heavy criticism from the public for his seemingly nonchalant response to the invitation.

"Scam Bankrupt-Fraud will answer to the House of Representatives when he damn well feels like it and decides to," one Twitter user wrote.

Blockchain Association Head of Policy Jake Chervinsky, a US attorney, shared his views. He said that Bankman-Fried’s reluctance to appear before Congress might have something to do with the consequences of lying under oath. 

Waters Blasted for Being ‘Too Nice’ to Bankman-Fried

On Friday, Rep. Maxine Waters invited Bankman-Fried to testify before the House Financial Services Committee. Scheduled for Dec. 13, the committee will hold a hearing about the collapse of the FTX crypto exchange.


Waters, the committee chair, thanked Bankman-Fried for being “candid” about the collapse. She added that his willingness to talk to the public would help FTX customers and investors.

During his tenure at FTX, Bankman-Fried gave away millions in political donations. Campaign records show that the former FTX CEO gave mostly to Democratic candidates. However, Bankman-Fried insists that he donated to both Democrats and Republicans.

Waters, a Democratic representative, took criticism for what some viewed as an overly cordial attitude toward Bankman-Fried.

“We want him here," Waters later said in an  interview. "If he’s talking and giving interviews, we’d like for him to be just as candid with us.”

On the Flipside

  • Congress has not yet issued a subpoena to compel Bankman-Fried to testify. For now, he is not legally required to appear.

Why You Should Care

FTX’s collapse shook the crypto industry. A similar scenario could happen again if the main actors are not held accountable.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

David Marsanic

David Marsanic is a journalist for DailyCoin who covers the intersection of crypto, traditional finance, and government. He focuses on institutionalized crypto entities like major cryptocurrency exchanges and Solana, breaking down complex topics into easy-to-understand writing. David's prior experience as a business journalist at various crypto and traditional news sites has enabled him to maintain a critical approach to news while adhering to high journalistic integrity standards.