There are numerous chroniclers of the Sam Bankman-Fried story: Journalists like Michael Lewis and myself; FTX bankruptcy lawyers at Sullivan & Cromwell; and even S.B.F. himself, courtesy of his friends at Substack. Now, a new chronicler may enter the scene: the United States Congress.
The House Financial Services Committee, which invited S.B.F. to testify in mid-December (before prosecutors indicted him on the eve of his testimony), has been quietly interviewing witnesses in recent months, including FTX executives, as part of an investigation into what happened at the crypto firm. Some requests for interviews have already gone out, according to people involved in the matter, in pursuit of what could become a formal congressional report.
A spokeswoman for the committee, Laura Peavey, confirmed that these sessions have been taking place. “The Financial Services Committee is conducting interviews with witnesses as part of its bipartisan investigation,” she told me in a statement. “A report may be produced to present the findings, but the final product is still under consideration.”