Missouri Senator Josh Hawley has sent a letter to three officials appointed by the Biden White House demanding to know what they know about the diversion of customer funds into Democrat campaign contributions by cryptocurrency behemoth FTX even as that company was hurtling towards bankruptcy.

How much effect this letter will have remains to be seen. Senator Hawley will still be in the minority when the new Senate meets. Chuck Schumer has no interest in investigating a Democrat donor who gave $20 million to Joe Biden, spent $32 million in the midterms, and has pledged to spend $1 billion in 2024.

FTX went full Chornobyl last week, leaving a shaken cryptocurrency market and at least $2 billion in client investments without a trace; see More Crypto Weaknesses Exposed as Some Take Advantage of FTX Collapse and The Fall of FTX Renews Calls for Government Regulation of Cryptocurrencies. FTX is currently in Chapter 11 bankruptcy with a new CEO, John Ray, who liquidated Enron at the helm.

We need to see similar action in the House where House Financial Services chairwoman Maxine Waters (yes, I know, lolol) is gearing up to whitewash investigate FTX. This investigation is not credible as Waters received major contributions from FTX and literally blew a kiss at the founder, the gelatinous Sam Bankman-Fried, at a Congressional hearing (see Maxine Waters Dodges Questions About FTX as Pics of Her With SBF Raise New Concerns). So far, the expected chairman, North Carolina’s Patrick McHenry, has shown no curiosity about FTX or its failure.

Full Letter from Senator Hawley

Letter from Josh Hawley to FEC and CFTC by streiff on Scribd

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