The bipartisan letter writers also want to know when the agency found out about the wrongdoing at the crypto exchange.
United States Senators Elizabeth Warren and Charles Grassley have sent a letter to Commodity Futures Trading Commission chair Rostin Behnam asking for an accounting of Behnam’s contacts with former FTX CEO Sam Bankman-Fried before the cryptocurrency exchange’s collapse. The writers say they want to “renew requests” for that information and cite a letter addressed to Behnam and others by Sen. Josh Hawley.hearing in December that “My team and I met with Mr.
Behnam, who was the sole witness speaking at the hearing, used the hearing as a platform to appeal for more authority, saying, “Without new authority for the CFTC, there will remain gaps in a federal regulatory framework, even if other regulators act within their existing authority.” Warren and Grassley
“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 senators are demanding accounts of all meetings, phone calls, written correspondence and conversations between Behnam or CFTC staff and Bankman-Fried, FTX, Alameda or associated executives.