QUORUMCALL//GPT:
Senator Elizabeth Warren has sought clarification from the Commodity Futures Trading Commission (CFTC) Chair regarding his interactions with FTX founder Sam Bankman-Fried, who is currently in jail.
THE INQUIRY
• Senator Warren has requested details of CFTC Chair Rostin Behnam’s interactions with Bankman-Fried, who was convicted of violating U.S. sanctions against North Korea.
• She also asked what steps the CFTC is taking to ensure the integrity of cryptocurrency markets.
BACKGROUND
• The inquiry comes after reports that Behnam had frequent interactions with Bankman-Fried, raising questions about the regulator’s impartiality.
• Bankman-Fried’s cryptocurrency exchange FTX is currently under investigation by the CFTC.
TOPICS COVERED
#Cryptocurrency #Sanctions #RegulatoryOversight
NOTE
Benzinga is a dynamic and innovative financial media outlet that empowers its users with high-quality, unique content that is coveted by Wall Street’s top traders.
