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On November 16, Elizabeth Warren and Richard Durbin sent letters to former and current FTX CEOs Sam Bankman-Fried and John Jay Ray III, respectively, in which they requested additional information about the failed exchange. cryptocurrency. Bankman-Fried was the recipient of the letter sent by Richard Durbin. John Jay Ray III was the recipient of the letter sent by Elizabeth Warren.

They sent out thirteen Calls for Papers and thirteen Response Lists and Response Lists in addition to the thirteen Requests.

“The public owes a full and transparent accounting of the business practices and financial activities that preceded and followed FTX’s collapse.” the senators said in their statement. In addition to this, they stated that “the public owes a full and transparent accounting of the business practices and financial activities that preceded and followed FTX’s collapse.”

They succeeded in achieving this goal by first presenting a summary of key media coverage of events as they occurred, and then using media sources in order to recreate a timeline of the events that occurred.

By November 28, Warren and Durbin must receive a substantial amount of the relevant paperwork. This obligation must be fulfilled.

They need “complete copies of all FTX and FTX subsidiary balance sheets from 2019 to present.”

Warren and Durbin have previously worked together on crypto policy, as seen in the letter they wrote to the president of Fidelity Investments in which they expressed their opposition to the inclusion of Bitcoin in one of the investment vehicles. of the company. This letter is proof that Warren and Durbin have previously worked together on crypto policy. A letter expressing their objection to Bitcoin being incorporated into one of the company’s investment vehicles was sent to demonstrate their disapproval.

Warren is an outspoken critic of cryptocurrencies, and he has expressed concern about the dangers of decentralized finance, the power consumption of cryptocurrency mining, and the use of cryptocurrencies in ransomware attacks. , among others. He is also concerned about the environmental impact of cryptocurrency mining. Since the beginning of their existence, he has constantly expressed his disapproval of cryptocurrencies.



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