Conflicting reports have surfaced about whether the SEC and Chair Gary Gensler helped FTX with legal loopholes. crypto cryptocurrency
Gensler’s own calendar shows that he did meet with Bankman-Fried in March. According to an SEC meeting note, “members of the staff of Chair Gensler met with staff of IEX and FTX to
March meeting between the two sides was described by a person attending as ’45 minute lecture by Gensler’ on what he wants from a crypto exchange. “Follow-up meetings with the SEC continued up to nearly the time FTX imploded but no SEC approval was signaled,” he continued. “House GOP likely to hold hearings on FTX given Bankman-Fried’s Dem political leanings by calling Gensler as a witness might have to think twice. Sources say Gensler told Brad Katsuyama & Bankman-Fried he wanted strict oversight, standards & there was no guarantee of approval.
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