Sam Bankman-Fried declares his intention to appear before a congressional committee to give testimony

FTX Digital Assets Hearing UNITED STATES – DECEMBER 8: Sam Bankman-Fried, founder and CEO of FTX, testifies during the House Financial Services Committee hearing titled Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States, in Rayburn Building on Wednesday, December 8, 2021. (Photo By Tom Williams/CQ-Roll Call, Inc via Getty Images)

SBF stated that he is willing to testify before the House Committee on Financial Services in Washington, D.C. next Wednesday despite not having access to his data.

He Tweeted, “Though I won’t be as helpful as I’d like, the committee still finds this useful, so I am willing to testify on the 13th.”

In a tweet thread, he apologized and promised to provide details on FTX US’s solvency and pathways that could return value to international customers, as well as what he believes caused the crash and his own missteps.

He admitted, “I had thought of myself as a model CEO, who wouldn’t become lazy or disconnected. Which made it that much more destructive when I did. I’m sorry. Hopefully people can learn from the difference between who I was and who I could have been.”

The Senate had demanded that Bankman-Fried testify, giving him a deadline of 5pm ET yesterday to respond. Failing to do so, the senators threatened to issue a congressional subpoena.

Since the collapse of his company, the crypto mogul has given several interviews, detailing his version of the story; however, he refused an invitation from the House Financial Services Committee, citing a need to “finish learning and reviewing” what happened to his businesses.


Roland is a Public Relations & Communications guru with an immense passion for the blockchain and crypto industry. A fusion of his expertise and passion led to the dawn of Optimisus in 2020.