congressmembers stop sec inquiry ftx

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Did the SEC investigate FTX?

Given that FTX was under investigation by the SEC in March, when Davidson and Emmer actively worked in public to shut that investigation down, claiming that it was illegal for the SEC to investigate crypto firms in that manner, their subsequent claims that the SEC wasn’t doing its job are certainly interesting.

Did FTX collapse?

The Securities and Exchange Commission was seeking information from collapsed cryptocurrency exchange FTX earlier this year, the Prospect has confirmed, bringing a new perspective to an effort by a bipartisan group of congressmembers to slow down that investigation.

Did FTX and Coinbase receive SEC inquiries?

A source with knowledge of the situation confirmed to the Prospect that FTX and Coinbase, a U.S.-based crypto exchange, were two of the firms receiving inquiries from the SEC. Emmer and his colleagues questioned the SEC’s inquiries in March.

Is the SEC too late to halt FTX withdrawals?

As with the failure of crypto exchange FTX, the SEC is late to the game—likely too late for the 340,000 U.S. customers affected by Genesis’ decision to halt all withdrawals. Copyright © 2023 Dow Jones & Company, Inc.