U.S. CFTC chairman says met with former FTX chief 10 times over clearing application

Business

The U.S. Commodity Futures Trading Commission (CFTC) chairman Rostin Behnam told lawmakers on Thursday that he met with former FTX chief executive officer Sam Bankman-Fried 10 times to discuss the company’s clearing house application.

Behnam said he and his team met with Bankman-Fried and his FTX team 10 times over the past 14 months in addition to follow-up calls and messages.

“We were doing what we were required to do by law,” he said during a Senate hearing into the FTX collapse.