Letter from Anti-Crypto US Senators to FTX Old and New CEO

US Senators Elizabeth Warren and Richard Durbin, who have come to the fore with their anti-crypto rhetoric in the industry, are demanding more reports on the collapse of FTX.

Senator Warren and Durbin on Nov. To CEO Sam Bankman-Fried and new To CEO John J. Ray In the letter they sent, they reported that they requested more details about the collapse of the company. Senators requested many documents and lists from the company.

Senators must ensure that the public’s business practices and financial activities leading up to and after the collapse of FTX are complete and responsible for making a transparent accounting stated that. Also from venture capitals and crypto eager to be rich Noting the lack of due diligence of other major mutual funds, this supports their argument that the crypto industry was created to support scammers. they claimed.

Senator Warren and Durbin, from the company to November 28, 2019 to date of FTX and all of its subsidiaries balance sheets They demanded full copies. Also by Sam Bankman-Fried your decisions and his statements on social media. descriptions It was among the information requested by the senators.

Senator Warren recently said that the collapse of FTX was a sign that the United States needed tougher crypto regulation, but crypto industry dignitaries reminded the senator that FTX is not overseen by the SEC. by bullshit had accused.

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