A document recently obtained through the Freedom of Information Act shows that there is no record that Gensler ever requested permission from the SEC’s Office of the Ethics Counsel to meet with SBF…
— including whether the controversial powwow got advance approval by the agency’s ethics team, On The Money has learned.epic fraud charges
Not only is that a breach of the agency’s own protocol, it’s also likely that if Gensler had asked for permission he would have been refused, according to experts. Multiple sources at the SEC said commissioners typically use email to request a meeting with the Ethics office and create a paper trail. FTX’s then-lobbyist Mark Wetjen served as a commissioner of the Commodity Futures Trading Commission at the same time Gary Gensler helmed the CFTC. Wetjen, who has remained close to Gensler, was responsible for setting up the meeting, according to reports.
On the call, Bankman-Fried reportedly discussed the possibility of launching a new crypto trading platform with Brad Katsuyama’s IEX. SEC insiders say it is highly unusual for an SEC Chair to discuss a work-in-progress.Indeed, the friendly chat stood in contrast to what most cryptocurrency companies get — even those based in the US. Coinbase CEO Brian Armstrong has slammed the SEC multiple times for its unwillingness to meet with him.
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