Bankman-Fried “not sure” if he will appear at the FTX hearing in Washington

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

The founder of the bankrupt FTX exchange, who is currently residing in the Bahamas, apparently refused a request to appear before a congressional hearing on the collapse of FTX.

In response to a call from committee chair Rep. Maxine Waters, Bankman-Fried indicated that he may not be willing to appear at the December 13 hearing to discuss why FTX is bankrupt. Waters said she was willing to let him appear on 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 received heavy criticism from the public for his seemingly indifferent 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, US Attorney, subscriber his opinions. He said Bankman-Fried’s reluctance to appear before Congress may have something to do with the consequences of lying under oath.

Water was criticized for being “too bland” for a Bankman-fried

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

Waters, the committee chair, thanked Bankman-Fried for being “frank” about the meltdown. She added that his willingness to speak to the public will help FTX clients and investors.

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

Waters, a Democrat, was criticized for what some saw as an overly friendly 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.”

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



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