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House Republicans Blast Gensler’s “Unacceptable” Failure to Provide Information on Charges Against Sam Bankman-Fried

Cointime Official

April 13 (Cointime) - House Financial Services Committee Chair Patrick McHenry and oversight panel head Bill Huizenga sent a letter to Securities and Exchange Commission (SEC) Chair Gary Gensler demanding that the SEC provide a staff recommendation memo and other information related to charges filed by the agency against FTX founder Sam Bankman-Fried.

In the letter, the lawmakers state that compulsory measures could be taken to obtain the requested documents should the agency fail to fulfill their request. They first requested additional information about the events preceding Bankman-Fried's civil charges by the SEC on February 10, which Chair Gensler has so far failed to turn over.

Read the full letter here. 

"We expect the staff recommendation memo to be produced immediately and all other material gathered as a result of the narrowed scope to be produced no later than 5:00 p.m. on April 17, 2023. Failure to produce the requested information could result in the Committee considering using compulsory process, if necessary, to obtain the requested information." their letter to the SEC reads.

SEC Sam Bankman-Fried FTX Gary Gensler
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