As Sam Bankman-Fried’s fraud trial heats up, so does the spotlight on Gary Gensler over his allegedly cozy ties with the fallen crypto kingpin. NY Post Business reporter Lydia Moynihan shares this story. <br /><br />Last week, the chairman of the Securities and Exchange Commission got a subpoena threat from US Rep. Patrick McHenry, chair of the House Financial Services Committee, who is demanding more information on the FTX collapse. <br /><br />“You refuse to be transparent with Congress regarding your interactions with FTX and Sam-Bankman Fried,” McHenry told Gensler at a Sept. 27 hearing. <br /><br />On the other side of the aisle, Rep. Ritchie Torres (D-NY) in December said Gensler was “singularly responsible for the regulatory failures surrounding the collapse of FTX.”<br /><br />In response, Gensler has remained tight-lipped about his role in the crypto exchange’s downfall.<br /><br />Read more at https://nypost.com/2023/10/05/sec-chair-gary-gensler-faces-heat-over-sbf-ftx-ties/<br /><br />#ftx #sambankmanfried #garygensler #business #crypto #sec<br /><br />The New York Post is your source for breaking news, news about New York, sports, business, entertainment, opinion, real estate, culture, fashion, and more.<br /><br />Subscribe to New York Post Sports: https://www.youtube.com/c/nypostsports<br /><br />Catch the latest news here: https://nypost.com/<br />Follow The New York Post on:<br />Twitter - https://twitter.com/nypost<br />Facebook - https://www.facebook.com/NYPost
