SEC was ‘asleep on the wheel’ about FTX — US Rep. Classes By Cointelegraph

The Securities and Change Fee (SEC) was “asleep on the wheel” concerning how FTX Group and its subsidiaries met monetary and company management necessities, Consultant Pete Classes stated within the Saturday Report on December 17.

“We have to have a look at what the Securities and Change Fee was doing,” acknowledged the Texas Congressman, including that “the SEC was asleep on the wheel for these billions of {dollars} that we now discover out a few yr later.”