Did Congress take millions from FTX?

The Washington Post Congress took millions from FTX. Now lawmakers face a crypto reckoning. Sam Bankman-Fried, founder of the FTX cryptocurrency exchange, testifies during a Senate hearing in February. (Saul Loeb/AFP/Getty Images)

What is the FTX investigation?

The FTX investigation could also ensnare companies that either received money from the exchange or lent it funds. The collapse of FTX last year set off a crisis at the crypto lending firm Genesis, which was recently charged with securities law violations by the S.E.C.

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.

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.

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