Anti-encryption Congressman Warren writes to CFTC Chairman! Requesting the release of communications with FTX

This site (120btC.coM): With the preliminary verdict of SBF, the founder of the collapsed exchange FTX, the well-known anti-crypto congressman Elizabeth Warren and Congressman Charles Grassley announced a few days ago , sent a letter to Rostin Behnam, Chairman of the Futures Trading Commission (CFTC), requesting the release of the contents of the dialogue and meeting with FTX. However, previous similar requests have not been responded to.

CFTC admitted to intensive talks with FTX

On April 12, Warren and Grassley sent a letter to CFTC Chairman Rostin Behnam requesting that the agency address its previous discussions with FTX CEO SBF Records of meetings, phone calls and written communications are disclosed.

Content of the letter

It is reported that Behnam, as the only witness who spoke, attended the Senate hearing in December 2022. The content mentioned He and his team met with SBF and other FTX executives at least 10 times in the nearly 14 months before FTX went bankrupt. At the same time, it also promised to prevent similar disasters from happening again by comprehensively supervising the encryption market.

According to previous reports, SBF seemed to have very close interaction and cooperation with various regulatory agencies at that time.

Warren asked the CFTC to disclose the contents of its dialogue with FTX

Here, Warren stated in the letter: Congress and market regulators such as the CFTC are needed to protect the savings and retirement funds of the American people. To achieve that, we need to determine how this multi-billion dollar crime occurred.

Therefore, Warren requested records of all meetings, phone calls, text messages, written letters and emails between the CFTC and FTX, Alameda, SBF or relevant senior officials, as well as the timeline of the CFTC’s knowledge and investigation of FTX’s fraud. .

According to the requirements, Behnam must submit the above information before April 29.

Some members have already made the same request

However, as early as the 2022 Senate hearing, Grassley, together with other members, made the same request to the CFTC.

In addition, Republican Senator Hawley also sent a letter to the U.S. Department of Justice (DOJ), SEC and CFTC in the month of the incident, asking them whether they initiated investigations before the collapse of FTX or Alameda, or whether they had any involvement with the companies. The company or its executives reach a confidential settlement.

Warren also mentioned in the letter: In previous letters, Senator Hawley seemed to hold the same position as us and expressed concerns about your (Behnam) relationship with SBF.

So far, the CFTC and other relevant agencies mentioned have not responded to the above requests.

CFTC: Information is being prepared

CFTC spokesman Steven Adamske responded: We have just received these letters and will cooperate with relevant units to provide them with the required information.

On the other hand, the SEC has previously come under similar scrutiny for its interactions with FTX in the months before its collapse.

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