U.S. Senators Elizabeth Warren and Charles Grassley Demand CFTC Chair Rostin Benham Explain Ties To Sam Bankman-Fried

cryptonews.com:

United States Senators Elizabeth Warren (D-MA) and Charles E. Grassley (R-IA) have demanded that Commodity Futures Trading Commission (CFTC) Chair Rostin Benham disclose details of his interactions with disgraced FTX founder Sam Bankman-Fried prior to the exchange’s collapse, according to an April 12 letter addressed to Benham.

In Grassley and Warren’s letter, the senators requested Benham provide a “full accounting of all meetings, phone calls, and written correspondence between you and/or your staff and Mr. Bankman-Fried and/or his staff” as well as a “full accounting of all conversations about Mr. Bankman-Fried, FTX, Alameda, or any associated executives involving you or any CFTC employee.”

In addition, Grassley and Warren want the CFTC to provide a timeline of the commission’s knowledge of the cryptocurrency scheme concerning Bankman-Fried, Alameda Research and former executives of the now-doomed crypto exchange.

. @SenWarren and @ChuckGrassley have requested chairman @CFTCbehman (12th April) to provide:

All correspondence between SBF, his staff and CFTC including any about Alameda, FTX and SBF

Dates, meeting minutes, phone calls, emails

Likely very incriminating – we know S&C lied… pic.twitter.com/sEYPyUpHxG

— Sunil (FTX Creditor Champion) (@sunil_trades) April 15, 2024

According to Benham’s testimony to the Senate Agriculture Committee in November 2022 following FTX’s collapse, the CFTC Chair reportedly met with Bankman-Fried an estimated 10 times over a 14-month period. During that same testimony, Benham admitted exchanging “a number” of messages with the former “king of crypto.”

Last month, Bankman-Fried was sentenced to 25 years in federal prison. He was ordered to pay $11 billion for his role in the massive crypto