Senators Elizabeth Warren and Charles Grassley Probe CFTC Chair About Alleged Ties With Sam Bankman-Fried

Two United States Senators are want answers from the Chair of the Commodities and Futures Trading Commission (CFTC) over his connections to the disgraced founder of FTX, Sam Bankman-Fried.

In a new letter to CFTC Chair Rostin Behnam, US Senators Elizabeth Warren and Charles Grassley probe his relationship with Sam Bankman-Fried, who is currently serving prison time for his role in the FTX collapse.

“We write to renew requests for an accounting of all meetings and correspondence between you and Sam Bankman-Fried during your tenure as Chair 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.

This punishment, while appropriate, provided cold comfort for his victims, who will never be made whole financially. Safeguarding the savings and retirements of Americans requires Congress and market regulators like the CFTC to determine how this multi-billion-dollar crime was allowed to happen.”

The letter requests a full account of all meetings, phone calls, and written correspondence between Behnam’s team and Bankman-Fried’s, including dates, meeting minutes, and copies of all written correspondence.

Furthermore, the letter also asks for a list of all conversations about Bankman-Fried, FTX, Alameda Research, or any associated executives involving Behnam or any CFTC employee.

The letter, signed by Warren and Grassley, requests the information by April 29, 2024. The Senators claim this info 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.

Don’t Miss a Beat Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/EB Adventure Photography

This article was originally reported on The Daily Hodl.