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

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Updated: Dec 1, 2022, 15:51 GMT+00:00

WASHINGTON (Reuters) - 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.

CFTC nominee Rostin Behnam testifies before Senate Agriculture, Nutrition, and Forestry Committee hearing on Capitol Hill in Washington

WASHINGTON (Reuters) – 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.

(Reporting by Chris Prentice and Hannah Lang)

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