U.S. SEC Chair Nominee Commits to Review SEC's Investigation into SBF Parent's Role in FTX Crisis

BlockBeats News, March 28, according to unchained, Paul Atkins, the nominee for chairman of the U.S. Securities and Exchange Commission (SEC), expressed concern about public reports involving former FTX CEO Sam Bankman-Fried's parents benefiting from the cryptocurrency exchange and Stanford University. He made the remarks at a confirmation hearing before the Senate Banking Committee on Thursday.

Republican Senator John Kennedy of Louisiana used his five-minute questioning time at the hearing to ask Atkins about the SEC's understanding of the former crypto tycoon's parents and their relationship to the crypto collapse.

Atkins stated that, apart from what has been publicly reported, he is not aware of what the SEC has done to investigate these relationships because he was not at the commission during the FTX crisis at the end of 2022. However, he agreed, at Kennedy's request, to review the SEC's investigation into Bankman-Fried's parents and their connection to Stanford Law School.