Did the SEC want to double the House of Representatives? Two high-ranking Republican members of the US House of Representatives urge the Securities and Exchange Commission (SEC) provide more information about the charges against Sam Bankman-Fried and especially around the events of the night of his arrest. Against all odds, the institution headed by Gary Gensler would not have not yet provided all the evidence regarding the arrest of SBF, the night before his hearing by the Chamber. The SEC is now threatened with a subpoena if it does not provide the requested information.
Charges, but no evidence surrounding the arrest of Sam Bankman-Fried
It all started in February. Republicans then opened an investigation into thethe arrest of Sam Bankman-Fried which took place on the night of December 13, 2022. In question? The conduct of this arrest by the authorities in the Bahamas in conjunction with the SEC, while Congress was to hear Sam Bankman-Fried as part of its investigation.
And at SEC does not provide information requested, it could be subject to a “compulsory process which, through a subpoenawould claim this information authoritatively.
A few small precautions to understand the situation seem necessary here. This questioning against the arrest of Sam Bankman-Fried does not call into question his guilt. On the other hand, the operation of the different US state agencies shows his Limits.
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Is the SEC turning a deaf ear?
So, did Gary Gensler prefer criticize bitcoin and cryptocurrencies rather than providing the information requested by Republicans? Nobody knows. However, Republicans say the SEC chairman also did not provide divisional communications related to the investigation against Sam Bankman-Fried.
Unaware of the deadline, the SEC actively prevented Committee staff from discussing the request with anyone within the General Counsel’s Office, until Chairman Huizenga formally requested a conversation with the General Counsel of the SEC (…) Subsequent conversations with staff have yet to yield any of the requested documents. »
Excerpt from the Republicans’ letter to the SEC
Long but incomplete public documents, undisclosed briefings are so many wrongs that seem to overwhelm the American financial policeman.
In anti-crypto crusade, the SEC appears to have pulled the rug out from under the House of Representatives, which can investigate matters within its legislative jurisdiction, including oversight of law enforcement and regulation. of cryptocurrencies. To be continued.
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