Two United States Senators are need solutions from the Chair of the Commodities and Futures Buying and selling Fee (CFTC) over his connections to the disgraced founding father of FTX, Sam Bankman-Fried.
In a brand new letter to CFTC Chair Rostin Behnam, US Senators Elizabeth Warren and Charles Grassley probe his relationship with Sam Bankman-Fried, who’s at present serving jail time for his position within the FTX collapse.
“We write to resume requests for an accounting of all conferences and correspondence between you and Sam Bankman-Fried throughout your tenure as Chair of the Commodity Futures Buying and selling Fee (CFTC). Mr. Bankman-Fried was sentenced final month to 25 years in jail for stealing $8 billion from customers of the cryptocurrency alternate FTX.
This punishment, whereas acceptable, offered chilly consolation for his victims, who won’t ever be made entire financially. Safeguarding the financial savings and retirements of Individuals requires Congress and market regulators just like the CFTC to find out how this multi-billion-dollar crime was allowed to occur.”
The letter requests a full account of all conferences, telephone calls, and written correspondence between Behnam’s group and Bankman-Fried’s, together with dates, assembly minutes, and copies of all written correspondence.
Moreover, the letter additionally asks for an inventory of all conversations about Bankman-Fried, FTX, Alameda Analysis, or any related executives involving Behnam or any CFTC worker.
The letter, signed by Warren and Grassley, requests the knowledge by April 29, 2024. The Senators declare this data will assist them and the American public perceive the character of Behnam’s correspondence with Bankman-Fried within the months main as much as the general public revelation of his crimes.
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