Home » World News » Josh Hawley fires warning shot to top Biden admin regulators over FTX collapse: 'Provide all correspondence'
Josh Hawley fires warning shot to top Biden admin regulators over FTX collapse: 'Provide all correspondence'
FTX’s Sam Bankman-Fried transferring assets to Bahamas is for ‘protection’: Andrew Stoltmann
Criminal defense attorney Andrew Stoltmann says it’s just a matter of time until FTX founder Sam Bankman-Fried is federally charged.
FIRST ON FOX: Sen. Josh Hawley, R-Mo., sent a letter to top Biden administration officials Friday morning, demanding information and correspondence regarding the collapse of cryptocurrency exchange FTX.
Hawley, a member of the Senate Judiciary Committee, penned the letter to Attorney General Merrick Garland, Securities and Exchange (SEC) Commission Chairman Gary Gensler and Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam. He demanded the three officials disclose whether they had investigated FTX or its sister firm, Alameda Research, and if their respective agencies had entered into settlements with the two companies.
The Missouri Republican also asked whether the Department of Justice, SEC or CFTC had communicated with the Democratic Party apparatus regarding FTX and its founder Sam Bankman-Fried. Bankman-Fried was a prolific donor to Democratic candidates during the midterm election cycle, wiring nearly $40 million to Democratic coffers throughout 2021 and 2022. He also donated about $10 million to help President Biden get elected in 2020.
"The success of Mr. Bankman-Fried’s criminal enterprise briefly made him one of America’s richest men," Hawley wrote to the officials. "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."
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