SBF Claims He Will Testify Before the US Congress on 13th December

SBF tweeted earlier today he is “willing to testify” before Congress on Dec. 13. SBF’s statement comes just days after US representative Maxine Waters said it was imperative for the crypto entrepreneur to appear before Congress, with some reports even suggesting he could receive a subpoena if he fails to show up.

SBF Says He Will Do His Best to Shed More Light on the FTX Collapse Before the Congress

FTX former CEO Sam Bankman-Fried posted a tweet Friday, saying he will attend the Congres hearing on Dec. 13. SBF added there is “a limit” to what he will be able to say but will try to be helpful and shed more light on the fall of his crypto empire, which left an impact on the entire crypto industry.

“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. But as the committee still thinks it would be useful, I am willing to testify on the 13th.”

– SBF on Twitter

SBF’s latest tweet follows a recent statement by US representative Maxine Waters who said “it is imperative” for the 30-year-old to attend the hearing as millions of investors were hurt by the FTX collapse. Waters added that Congress is willing to schedule more hearings in the future if more information is to be disclosed.

“As you know, the collapse of FTX has harmed over one million people. Your testimony would not only be meaningful to Members of Congress but is also critical to the American people.”

– US Representative Maxine Waters

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SBF to Explain Why He Thinks FTX Crashed

In the continuation of the Twitter thread, SBF said he will try to provide further insight into FTX US’s solvency and US customers, as well as pathways he believes could return value to affected users and why he thinks the crash happened in the first place. Finally, SBF added he said he was sorry for what happened, hoping that “people can learn from the difference between” who he was and what he could have been.

Earlier today, SBF tweeted in support of restarting the now-bankrupt FTX exchange and issuing new FTT tokens to creditors. SBF posted the tweet in response to an earlier Twitter post by Crypto Trader host Ran Neuner, who initially voiced the idea. But all odds are stacked against that scenario since SBF and FTX leaders defrauded more than a million investors worldwide.

In a separate tweet published on Wednesday, rep. Waters denied rumors that she would not subpoena SBF if he does not attend the hearing. Waters said the move “is definitely on the table.”

What are your expectations of the scheduled hearing? Let us know in the comments below.