Senator Josh Hawley, a US Senate Judiciary Committee member, sent a letter Friday morning to top Biden administration officials, asking for information and correspondence about the collapse of crypto exchange FTX. Fox reports that Josh Hawley, a member the US Senate Judiciary Committee sent a letter to the senior Biden administration

  

Senator Josh Hawley is a member the US Senate Judiciary Committee. He sent a request for information and correspondence to top Biden administration officials on Friday morning. The letters were addressed at Attorney General Merrick Garland and to Gary Gensler, Chairman of the Securities and Exchange Commission (SEC), and Rostin Behnam, Chairman of the Commodity Futures Trading Commissions (CFTC). He asked the three officials to reveal whether they had investigated FTX, or its sister company Alameda Research and whether their respective agencies had settled with them. “The success of Mr. Bankman Fried’s criminal enterprise briefly made it one of America’s wealthiest men ,(…). He used his ill-gotten wealth to support the Democratic Party, becoming its second largest individual donor after George Soros in recent years. Hawley wrote to the officialsBankman-Fried has been a prolific donor to Democratic candidates during the midterm election cycle, having contributed nearly $40 million to the Democratic coffers throughout 2021 and 2022, donated about $10 million to help get President Biden elected in 2020.Following the collapse of FTX, Sam Bankman-Fried stepped down as CEO of the company, and his net worth has dropped from about $16 billion to zero, according to Bloomberg.Sam Bankman-Fried is also alleged to have withdrawn customer deposits from FTX to cover losses at Alameda, in violation of the exchange’s terms of service.As mentioned in an earlier Coincu News article, after realizing the seriousness of FTX’s collapse, celebrities and politicians who had a close relationship with Sam all tried to destroy evidence of this relationship.American politicians are giving up the benefit of the SBF’s “nefarious revenues”. According to a Daily Beast report, Dick Durbin, Democrat, and Jes?s Chuy Garc?a, Democrats, said that they would donate $2,900 received from Bankman-Fried, to undisclosed charities. According to a Daily Beast report, Republican David Schweikert has decided to forgo his FTX-linked cash which also amounts to $2,000. We encourage you to do your own research before investing.Join us to keep track of news: https://linktr.ee/coincuWebsite: coincu.comFoxyCoincu NewsTags: # Cryptocurrencies#MarketsbankruptcyBlockchaincryptoFTXSam Bankman-FriedTop Biden Administration OfficialsusUS Senate Judiciary Committee