SEC FTX detectorClosely centering on the investigation of the FTX collapse by the US Stock and Exchange Commission (SEC), the US House of Representatives Financial Information Service US Democratic Committee has raised serious concerns about the handling of the matter. Committee chairman Patrick McBurt ordered the agency to provide communications on all data records of the ongoing investigation, which could be an important evaluation of the SEC led by Gamo Gensler. "the American people are transparent to you and your organization," the chairman said. The chairman of the U.S. House of Representatives committee ordered records to be submitted within two weeks.

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According to a letter from Chairman Mike Burt to the SEC chairman, this view stems from the time frame of the charges and the arrest of Rob Bankman-Fried. The letter also mentioned that under US laws and regulations, the Financial Information Services Commission has the right to regulate SEC activities. As a result, SEC was asked to submit all data records related to the charges against Nick Bankman-Fried, the founder of FTX, since the FTX liquidity problem emerged in November 2022. Also looking for letters from Gensler's office at the same time.

"the time period of the charges and his arrest have caused serious problems related to the SEC process and collaboration with the judiciary."

The government of the Bahamas arrested Bankman Fried on December 12, 2022, a day before the commission held a hearing on the collapse of FTX. The SEC released the charges against the FTX founder on the same day for "concealing his embezzlement of FTX customer assets". However, the time period during which SEC explicitly filed charges after he was arrested is considered to be relevant to the committee.