FTX’s Sam Bankman-Fried Agrees to Testify Before Congress

Harry Adjmi and Sam Bankman-Fried are seen onstage during the first annual Moonlight Gala benefitting CARE—Children With Special Needs—hosted by Michael Cayre, Roy Nachum, and MegaMoon Museum at Casa Cipriani in New York City on June 23, 2022. Craig Barritt/Getty Images for CARE For Special Children

FTX founder Sam Bankman-Fried confirmed Friday that he would testify before Congress, responding to recent demands from the House Financial Services Committee about the crypto exchange’s collapse.

This week, House Financial Services Committee Chair Maxine Waters (D-Calif.) wrote that a subpoena for Bankman-Fried to testify next week “is definitely on the table.” A subpoena has not yet been issued, and Waters indicated that he was “requested to testify” on Dec. 13 instead.