SEC was ‘asleep at the wheel’ about FTX — US Rep. Sessions By Cointelegraph

The Securities and Exchange Commission (SEC) was “asleep at the wheel” regarding how FTX Group and its subsidiaries met financial and corporate control requirements, Representative Pete Sessions said in the Saturday Report on December 17.

“We need to look at what the Securities and Exchange Commission was doing,” stated the Texas Congressman, adding that “the SEC was asleep at the wheel for these billions of dollars that we now find out about a year later.”