FTX collapse: Top House Republicans scrutinize SEC investigation of failed crypto exchange

Top House Republicans on Friday sent a letter to the Securities and Exchange Commission as Congress scrutinizes the agency’s actions against Sam Bankman-Fried, former CEO of failed cryptocurrency exchange FTX.

In a letter addressed to SEC Chairman Gary Gensler, Reps. Patrick McHenry, R-N.C., chairman of the House Financial Services Committee, and Bill Huizenga, R-Mich., chair of the oversight and investigations subcommittee, demanded records and communications among and between the SEC’s enforcement division, the Justice Department and Gensler’s office on the timing of the charges filed against Bankman-Fried for defrauding his investors and other violations.

Source: FTX collapse: Top House Republicans scrutinize SEC investigation of failed crypto exchange