Welcome to Law Decoded, your weekly digest of all the major developments in the field of regulation.

So, Sam Bankman-Fried, public enemy number one, won’t appear in front of Senators on Dec. 14, as he missed the deadline for responding to a Senate Banking Committee request. However, we could witness the entrepreneur appear before Congress even a day earlier, on Dec. 13.

Replying to a thread of tweets from Representative Maxine Waters, Chairwoman of the Financial Services Committee, the former CEO of FTX expressed his willingness to testify at a committee hearing in the U.S. House of Representatives. John Ray, who took over as FTX CEO on Nov. 11 following Bankman-Fried’s resignation, will also be present as a witness.

The House Hearing surely won’t be the last time Bankman-Fried encounters tough questions from the state. The United States Department of Justice (DOJ) is reportedly investigating a potential fraud that involves him siphoning funds offshore just days before FTX filed for bankruptcy. According to an anonymous informant, DOJ officials met with FTX’s court-appointed overseers to discuss the scope of the information they needed for further investigation. The DOJ also plans to investigate whether Bankman-Fried unlawfully transferred FTX funds to Alameda Research.

And that’s not the final list of potential allegations. A watchdog group, the Citizens for Responsibility and Ethics in Washington, believes the businessmen made “dark money donations.” It has filed the complaint with the Federal Election Commission, accusing Bankman-Fried of “direct and…

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