Elizabeth Warren Demands U.S. CFTC Chair Explain His Chats With SBF
Summary
CFTC head Rostin Behnam had extensive contact with FTX's Sam Bankman-Fried, prompting Senators Warren and Grassley to demand a full account of their interactions. Behnam and his agency sought to position LedgerX for direct margined derivatives trading, involving multiple meetings and communications with FTX. Lawmakers are seeking records of all communications between CFTC, FTX, and other agencies. SEC Chair Gensler is also under scrutiny for interactions with FTX before its collapse. Spokespeople for the CFTC have not commented on the matter.
