Sen. Elizabeth Warren (D-Mass.) and Sen. Chuck Grassley (R-Iowa) have called on Rostin Behnam, the chair of the U.S. Commodity Futures Trading Commission (CFTC), to divulge details of his communications with Sam Bankman-Fried, the former CEO of FTX.
What Happened: Senator Warren and Grassley have issued a letter to Behnam asking for a comprehensive record of his interactions with Bankman-Fried during his tenure. This request comes in the wake of disclosures that CFTC officials had met with Bankman-Fried and his team as many as 10 times at the agency over a span of 14 months.
In 2022, Behnam had informed lawmakers that he had exchanged several messages with the FTX founder, who was recently sentenced to 25 years in prison for massive fraud.
The senators are now demanding copies of all written communications. “A full accounting of all conversations about Mr. Bankman-Fried, FTX, Alameda, or any associated executives involving you or any CFTC employee,” the letter stated.
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The CFTC’s frequent communication with the FTX CEO was reportedly due to Behnam’s ...