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Sen. Hawley demands correspondence between federal officials and Democratic Party after FTX collapse

Hawley questioned why the company's scheme was revealed after the midterm elections.

Published: November 20, 2022 8:04am

Updated: November 20, 2022 4:49pm

Sen. Josh Hawley (R-Mo.) is demanding to see all communications between Democratic Party officials and the Department of Justice, the Securities and Exchange Commission and the Commodity Futures Trading Commission following the collapse of cryptocurrency exchange FTX, whose founder and former CEO, Sam Bankman-Fried, is a prominent Democratic Party donor. 

"... [Y]ou must conduct a full conflict-of-interest review to ensure that Mr. Bankman-Fried's status as a top donor to the Democratic Party did not insulate him from oversight and accountability," Hawley wrote in a letter Friday to Attorney General Merrick Garland, SEC Chairman Gary Gensler and Commodity Futures Trading Commission Chairman Rostin Behman.

A bipartisan House committee is investigating the collapse of FTX, which filed for bankruptcy earlier this month after it became public that at least hundreds of millions of dollars were missing from the service. 

"To be clear, Mr. Bankman-Fried funded his lavish donations to the Democratic Party through rampant fraud," Hawley wrote. "The net result was that billions of dollars were stolen from investors and handed over to Democrats and left-wing organizations."

Hawley questioned why the company's scheme was revealed after the midterm elections. He is demanding all correspondence between the three federal agencies and the Biden administration with the Democratic Congressional Campaign Committee and the Democratic Senatorial Campaign Committee about FTX and its affiliates by Nov. 25. 

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