House panel wants answers from Bankman-Fried on FTX collapse –

(NEXSTAR) — House lawmakers have dozens of questions for former FTX CEO Sam Bankman-Fried, whose cryptocurrency empire went bankrupt last month amid fraud allegations.

The first is whether he will actually show up to answer them.

Leaders of the House Financial Services Committee are pressuring Bankman-Fried to testify at a December 13 hearing on the FTX collapse and discuss her role in the company’s decline.

In a series of coordinated tweets, Speaker Maxine Waters (D-Calif.) and Ranking Member Patrick McHenry (RN.C.) urged Bankman-Fried to bring her international apology tour to Capitol Hill, either in person or remotely from your home. in the Bahamas After spending weeks giving high-profile interviews, they argue that the least Bankman-Fried could do is talk to lawmakers responsible for cleaning up the FTX mess.

But Bankman-Fried has suggested she won’t be there, arguing that she needs more time to understand how FTX imploded, despite frequently discussing the issue on Twitter and with reporters.

“Once I am done learning and reviewing what happened, I would feel it was my duty to go before the committee and explain it. I’m not sure that happens by the 13th. But when it does, I will testify.” Bankman-Fried he tweeted on friday in response to the efforts of Waters and McHenry.

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