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Congressmen Launch Probe Into SEC Handling of FTX, Sam Bankman-Fried

Members of the United States House of Representatives are looking for answers regarding how the U.S. Securities and Exchange Commission (SEC) investigated the collapse of the crypto exchange FTX.

On Friday, Republican Representatives Bill Huizenga (MI) and Patrick McHenry (NC) sent a letter to SEC Chair Gary Gensler, requesting documents into the agency’s investigation into FTX and handling of its founder and former CEO, Sam Bankman-Fried.

The Representatives assert that the Committee on Financial Services has jurisdiction to oversee the agency's activities.

SEC FTX Sam Bankman-Fried
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