As the probe into the FTX saga rages on, a group of US congressmen now want the U.S. Securities and Exchange Commission to shed more light on its involvement with the collapsed crypto exchange.
On Friday, US congressman Bill Huizenga wrote to SEC chair Gary Gensler requesting to be furnished with records and communications between the SEC’s Division of Enforcement, Gensler’s office, and the Department of Justice (DOJ). In particular, the lawmaker requested records relating to the charges filed against Sam Bankman-Fried from Nov. 2, 2022, to Feb.9, 2023, stating that “the American people deserve transparency from you and your agency.”
Although the congressman acknowledged that the SEC’s Division of Enforcement may have completed investigating Sam Bankman-Fried before presenting the findings to the commission for review, the act of charging Sam Bankman fried raised suspicions considering the agency’s “bad standing” with the crypto industry.
All Comments