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SEC under Fire: Congress Considers Subpoena for FTX Documents
The tension between the US House Financial Services Committee and the Securities and Exchange Commission (SEC) escalated today (Wednesday) after the Committee Chair Representative Patrick McHenry suggested that he may use a subpoena against the commission to acquire critical documents about former FTX CEO Sam Bankman-Fried. SEC Accused of "Lack of Responsiveness" McHenry accused Chairman Gary Gensler of attempting to stifle the digital asset ecosystem while failing to maintain transparency in the SEC's dealings with Congress. This clash dates back to February when the committee, under McHenry's leadership, initially ... (full story)