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.