Senators Demand Transparency from CFTC Chair Over Frequent Communications with Jailed FTX CEO

Senators Elizabeth Warren and Chuck Grassley have requested detailed records of CFTC Chair Rostin Behnam's interactions with Sam Bankman-Fried, amid concerns over regulatory oversight.

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.