US lawmakers question SEC chair on timing of Sam Bankman-Fried’s arrest By Cointelegraph


Two members of the United States House Financial Services Committee have call out Securities and Exchange Commission Chair Gary Gensler “regarding the timing of the charges filed against FTX founder Sam Bankman-Fried” based on his scheduled appearance at a hearing.

In a Feb. 10 notice, committee chair Patrick McHenry and Representative Bill Huizenga, who chairs the Oversight and Investigations Subcommittee, said the timing of Bankman-Fried’s charges and arrest in the Bahamas raised “serious questions about the SEC’s process and cooperation with the Department of Justice.” The two lawmakers called on Gensler to provide records and communications from the SEC’s Division of Enforcement, his office, and between the agency and the Justice Department related to SBF’s charges from Nov. 2 to Feb. 9.