Overview

• Senators Elizabeth Warren and Chuck Grassley issued a letter to CFTC Chair Rostin Behnam, demanding a full account of his communications with Sam Bankman-Fried.
• The request follows revelations of multiple meetings and exchanges between CFTC officials and the now-jailed FTX founder over a 14-month period.
• Behnam's frequent interactions were partly due to attempts to position FTX’s LedgerX for direct margined derivatives trading.
• The scrutiny is part of broader efforts by Senator Warren to enforce stricter regulations on the cryptocurrency industry.
• The CFTC has confirmed receipt of the senators' letter and is working to provide the requested information.