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International Business Times
International Business Times
Business
Marvie Basilan

Crypto-Critical Senators Warren, Grassley Pressure CFTC To Explain Past FTX Communications

CFTC FTX Crypto Elizabeth Warren Sam Bankman-Fried Rostin Behnam Bitcoin SBF
Warren and Grassley are pressing the CFTC for a full account of the regulator's past correspondence with Sam Bankman-Fried, who was sentenced last month to 25 years on fraud charges. (Credit: Bybit/flickr.com)

KEY POINTS

  • The lawmakers said such a request was necessary so they can understand the 'nature' of the conversations
  • They noted that SBF's sentencing only provided 'cold comfort' to the ex-crypto darling's many victims
  • Warren, in particular, is known for being a huge crypto critic and even introduced a bill to monitor the sector

Two lawmakers are pushing the Commodity Futures Trading Commission (CFTC) to explain a series of discussions the regulator held with collapsed cryptocurrency exchange FTX and its disgraced founder, Sam Bankman-Fried.

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