Crypto community baffled by SBF dictating terms over congressional hearing
Sam Bankman-Fried, the former CEO of now-bankrupt cryptocurrency exchange FTX has declined to testify before the United States Congress until he’s “finished learning and reviewing what happened.”
Rep. Waters, and the House Committee on Financial Services: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. https://t.co/c0P8yKlyQt
Bankman Fried’s unwillingness to testify before the Congress slated for Dec. 13, despite a barrage of media appearances, didn’t go down well with the crypto community. After a spiral collapse of the FTX and its sister companies in the second week of November, Bankman-Fried made his first live public appearance on Nov. 30 during the New York Times' DealBook Summit. A day later, he appeared in a Good Morning America interview and a Twitter space hosted by IBC Group founder and CEO Mario Nawfal.
Alex Berenson, an author by profession, took a quip at Bankman-Fried’s refusal to testify despite his media frenzy and said that the former CEO is “happy to talk to anyone and everyone… just as long as he’s not under oath.”
Related: Regulators face public ire after FTX collapse, experts call for coordination
Zerohedge, a popular libertarian financial blog, mocked the whole debacle and how Bankman Fried has managed to dictate terms with the lawmakers.
"It may take me 50 years to learn what happened in the company I ran, but by god I SWEAR it will be my duty to appear before Congress... some time in 2089" https://t.co/HjwFtjZajO
Another user pointed toward the hefty donations made by the former CEO to the democratic party, implying that his donations have
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