Sam Bankman-Fried agrees to testify before House Committee on FTX collapse next week

FTX founder and former chief executive Sam Bankman-Fried said Friday that he will testify before the House Financial Services Committee next week.

“I still do not have access to much of my data — professional or personal. So there is a limit to what I will be able to say, and I won’t be as helpful as I’d like,” Bankman-Fried said in a tweet Friday. “But as the committee still thinks it would be useful, I am willing to testify on the 13th.”

The decision follows a week of negotiating between Bankman-Fried and House Financial Services Committee Chair Maxine Waters (D-CA) by quote-tweeting each other on Twitter. Last week, Waters urged Bankman-Fried to testify before her committee at a December 13th hearing focused on his cryptocurrency...

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