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Gensler met with FTX fraudster Sam Bankman-Fried and had a secret zoom call with him as the press later found out. FTX always advertised how they were "regulate
by trompetenaccoun 2y ago
Gensler met with FTX fraudster Sam Bankman-Fried and had a secret zoom call with him as the press later found out. FTX always advertised how they were "regulated". Yet despite not even having proper book-keeping¹, they were never investigated by the SEC, which has been focused on hassling legitimate businesses such as Coinbase - a public company with proper compliance and actual audits.
¹ https://arstechnica.com/tech-policy/2022/11/new-ftx-chief-slams-complete-failure-of-corporate-controls-at-crypto-exchange https://arstechnica.com/tech-policy/2022/11/new-ftx-chief-sl...
- llamaimperative 2y agoFTX was receiving inquiries from SEC in early 2022, before its collapse: https://prospect.org/power/congressmembers-tried-to-stop-secs-inquiry-into-ftx/ https://prospect.org/power/congressmembers-tried-to-stop-sec... Also “doing audits” and “having compliance” and “being public” doesn’t insulate a company from scrutiny.