Summary
Senators are demanding more information from the head of CFTC about his interactions with disgraced former FTX CEO, suggesting he hasn’t been fully transparent about the extent of their contact.
Key Points
1. The head of the U.S. Commodity Futures Trading Commission (CFTC), Rostin Behnam, had significant contact with Sam Bankman-Friend, the disgraced former CEO of FTX.
2. Lawmakers, including Sens. Elizabeth Warren and Chuck Grassley, are questioning Behnam’s transparency regarding his interactions with Bankman-Friend.
3. Warren and Grassley are demanding more information from the CFTC regarding Behnam’s relationship with the former FTX CEO.