Why Is Crypto CEO Not in Custody?: Rep. Warren Davidson
Rep. Warren Davidson (R-Ohio) sits on the House Financial Services Committee and is the founder of the Sound Money Caucus. He wants to know what the Securities and Exchange Commission (SEC) knew about the state of the now-bankrupt cryptocurrency exchange FTX. He says the SEC was working closely with FTX and should have been well aware of the problems at the company. FTX went bankrupt owing over 1 million creditors money. Davidson is also asking why FTX’s founder, Sam Bankman-Fried, the Democratic Party’s second-largest donor this year, has not yet been taken into custody.
“We had a very assertive FBI doing all kinds of things to American citizens for things that most people say are nowhere near as serious. And so the treatment looks like it’s a two-tiered justice system to a lot of people.”…