There is some wild speculation here. The chair of a pertinent committee said they are looking forward to a CEO who crashed his offshore based company (Bahamas) to a hearing on regulations of the industry that company was a part of.
She’ll probably filet him for the not even crypto reasons his company imploded. Bottom line, he used the crypto customer funds to prop up his hedge fund - another company - and the bets the hedge fund made were bad, taking both companies down in the process.
Since the companies were based offshore I don’t see why they would invite him other than to skewer him over how he failed in the most basic bookkeeping and risk management practices that, in turn, harmed US investors who took outsized risks putting their trust in such a bonehead. Same problem every time we go through this - people only ever think about how much they will profit, not what they have to lose.