SEC Chairman Nominee Paul Atkins Says He Is "Concerned" About SBF Parent's Link to FTX Crisis

Odaily News At a hearing of the U.S. Senate Banking Committee, SEC Chairman nominee Paul Atkins expressed his concern about reports that FTX founder Sam Bankman-Fried (SBF)'s parents and Stanford University profited from the FTX fraud. Atkins promised to review the SEC's investigation into the connection between SBF's parents and Stanford Law School. In addition, Republican Senator John Kennedy criticized the SEC for its slow response to the incident and stressed that he would continue to question the relevant responsibilities. The hearing is the first step in the confirmation process for the four financial officials nominated by Trump. (unchainedcrypto)