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Market News U.S. CFTC chairman says met with former FTX chief 10 times over clearing application

U.S. CFTC chairman says met with former FTX chief 10 times over clearing application

Rostin Behnam revealed to lawmakers on Thursday that he had 10 meetings

Skylar Shaw
2022-12-02
294

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Rostin Behnam, the head of the U.S. Commodity Futures Trading Commission (CFTC), revealed to lawmakers on Thursday that he had 10 meetings with Sam Bankman-Fried, the former CEO of FTX, to go over the firm's clearing house application.


Behnam claimed that over the course of the previous 14 months, he and his team met with Bankman-Fried and his FTX team ten times in addition to follow-up calls and mails.


He stated during a Senate inquiry into the FTX collapse, "We were doing what we were required to do by law."

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