Tag: Mark Wetjen

The 45-minute Zoom call between SEC Chair Gary Gensler and the disgraded FTX co-founder Sam Bankman-Fried (SBF) in March 2022 raises questions. New York Post's On The Money revealed that Gensler did not seek approval from the SEC's Office of the Ethics Counsel for the meeting, which goes against the agency's protocol. Experts suggest that it likely would have been denied if he had sought permission.

FTX founder Sam Bankman-Fried (SBF) was the darling of U.S. politicians and regulators until just before the crypto scheme collapsed. FTX was seen as the U.S. answer to the "Chinese" threat posed by Binance. With the criminal and regulatory charges, some regulators are embarrassed, like the CFTC Commissioner Caroline D. Pham or the former CFTC Commissioner Mark Wetjen. CFTC recently filed a fraud lawsuit against FTX and those responsible. Pham took to Twitter to comment.