Two US senators want answers from the chairman of the Commodities and Futures Trading Commission (CFTC) about his connections to disgraced FTX founder Sam Bankman-Fried.
In a new letter to CFTC Chairman Rostin Behnam, U.S. Senators Elizabeth Warren and Charles Grassley examine his relationship with Sam Bankman-Fried, who is currently serving prison time for his role in the collapse of the FTX.
“We are writing to renew requests for an accounting of all meetings and correspondence between you and Sam Bankman-Fried during your tenure as Chairman of the Commodity Futures Trading Commission (CFTC). Mr Bankman-Fried was sentenced last month to 25 years in prison for stealing $8 billion from users of the cryptocurrency exchange FTX.
While this punishment was appropriate, it provided cold comfort to his victims, who will never be cured financially. To protect Americans’ savings and pensions, Congress and market regulators like the CFTC must determine how this multi-billion-dollar crime happened.”
The letter requests a full record of all meetings, telephone conversations and written correspondence between Behnam’s team and Bankman-Fried’s team, including dates, minutes of meetings and copies of all written correspondence.
In addition, the letter also requests a list of any conversations about Bankman-Fried, FTX, Alameda Research or other executives involving Behnam or any CFTC employee.
The letter, signed by Warren and Grassley, requests information by April 29, 2024. The senators claim this information will help them and the American public understand the nature of Behnam’s correspondence with Bankman-Fried in the months leading up to the public revelation of his crimes.
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