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Market

US Senate Judiciary Committee Asks Top Biden Administration Officials To Release Correspondence With FTX

November 21, 2022 - Around 3 mins mins to read
Senator Josh Hawley, a member of the US Senate Judiciary Committee, sent a letter to top Biden administration officials Friday morning, requests for information and correspondence regarding the collapse of the crypto exchange FTX.
US
Josh Hawley, a member of the US Senate Judiciary Committee

According to the Fox, Josh Hawley, a member of the US Senate Judiciary Committee, sent a letter to senior Biden administration officials, requesting information and correspondence about the collapse of crypto exchange FTX.

The letters were addressed to Attorney General Merrick Garland, Securities and Exchange Commission (SEC) Chairman Gary Gensler and Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam. He asked the three officials to disclose whether they had investigated FTX or its sister company, Alameda Research, and whether their respective agencies had settled with the companies.

US
Attorney General Merrick Garland

Missouri Republicans also asked if the DOJ, SEC, or CFTC would notify FTX and its founders, SBF, and Democratic agencies.

“The success of Mr. Bankman-Fried’s criminal enterprise briefly made him one of America’s richest men,(…). And he deployed his ill-gotten gains in service of the Democratic Party, emerging in recent years as its second largest individual donor behind only George Soros.” Hawley wrote to the officials

Bankman-Fried has been a prolific donor to Democratic candidates during the midterm election cycle, having contributed nearly $40 million to the Democratic coffers throughout 2021 and 2022, donated about $10 million to help get President Biden elected in 2020.

SBF

Following the collapse of FTX, Sam Bankman-Fried stepped down as CEO of the company, and his net worth has dropped from about $16 billion to zero, according to Bloomberg.

Sam Bankman-Fried is also alleged to have withdrawn customer deposits from FTX to cover losses at Alameda, in violation of the exchange’s terms of service.

As mentioned in an earlier Coincu News article, after realizing the seriousness of FTX’s collapse, celebrities and politicians who had a close relationship with Sam all tried to destroy evidence of this relationship.

American politicians are giving up the benefit of the SBF’s “nefarious revenues”. With Democrat Dick Durbin and Democrats Dick Durbin and Jesús “Chuy” García said they will donate the $2,900 they received from Bankman-Fried to undisclosed charities , according to a report from the Daily Beast. Republican David Schweikert has established to forego his FTX-linked cash, which also amounts to $2,900.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Foxy

Coincu News

Market

US Senate Judiciary Committee Asks Top Biden Administration Officials To Release Correspondence With FTX

Senator Josh Hawley, a member of the US Senate Judiciary Committee, sent a letter to top Biden administration officials Friday morning, requests for information and correspondence regarding the collapse of the crypto exchange FTX.
US
Josh Hawley, a member of the US Senate Judiciary Committee

According to the Fox, Josh Hawley, a member of the US Senate Judiciary Committee, sent a letter to senior Biden administration officials, requesting information and correspondence about the collapse of crypto exchange FTX.

The letters were addressed to Attorney General Merrick Garland, Securities and Exchange Commission (SEC) Chairman Gary Gensler and Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam. He asked the three officials to disclose whether they had investigated FTX or its sister company, Alameda Research, and whether their respective agencies had settled with the companies.

US
Attorney General Merrick Garland

Missouri Republicans also asked if the DOJ, SEC, or CFTC would notify FTX and its founders, SBF, and Democratic agencies.

“The success of Mr. Bankman-Fried’s criminal enterprise briefly made him one of America’s richest men,(…). And he deployed his ill-gotten gains in service of the Democratic Party, emerging in recent years as its second largest individual donor behind only George Soros.” Hawley wrote to the officials

Bankman-Fried has been a prolific donor to Democratic candidates during the midterm election cycle, having contributed nearly $40 million to the Democratic coffers throughout 2021 and 2022, donated about $10 million to help get President Biden elected in 2020.

SBF

Following the collapse of FTX, Sam Bankman-Fried stepped down as CEO of the company, and his net worth has dropped from about $16 billion to zero, according to Bloomberg.

Sam Bankman-Fried is also alleged to have withdrawn customer deposits from FTX to cover losses at Alameda, in violation of the exchange’s terms of service.

As mentioned in an earlier Coincu News article, after realizing the seriousness of FTX’s collapse, celebrities and politicians who had a close relationship with Sam all tried to destroy evidence of this relationship.

American politicians are giving up the benefit of the SBF’s “nefarious revenues”. With Democrat Dick Durbin and Democrats Dick Durbin and Jesús “Chuy” García said they will donate the $2,900 they received from Bankman-Fried to undisclosed charities , according to a report from the Daily Beast. Republican David Schweikert has established to forego his FTX-linked cash, which also amounts to $2,900.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Foxy

Coincu News