On November 16, Elizabeth Warren and Richard Durbin sent letters to FTX’s former and current CEOs, Sam Bankman-Fried and John Jay Ray III, respectively, requesting more information about the cryptocurrency exchange’s failure. Bankman-Fried was the recipient of the letter that Richard Durbin sent. John Jay Ray III was the recipient of the letter sent by Elizabeth Warren.

They sent out thirteen calls for papers and thirteen response lists and response lists in addition to the thirteen requests.

“The public is owed a full and transparent accounting of the business practices and financial activities that led to and followed the collapse of FTX.” the senators stated in their statement. In addition to this, they said that “the public is owed a full and transparent accounting of FTX’s pre- and post-collapse business practices and financial activities.”

They succeeded in achieving this goal by first presenting a summary of key news coverage of the events as they occurred, and then using media sources to recreate a timeline of events as they occurred.

By November 28, Warren and Durbin must receive a substantial number of the relevant documents. This obligation must be fulfilled.

They need “complete copies of all balance sheets for FTX and FTX subsidiaries from 2019 to the present.”

Warren and Durbin have already worked together on cryptopolitics, as evidenced by the letter they wrote to the president of Fidelity Investments expressing their opposition to Bitcoin being listed in one of the company’s investment vehicles. This letter is evidence of the fact that Warren and Durbin have already worked together on crypto policy. A letter expressing his objection to Bitcoin being incorporated into any of the company’s investment vehicles was sent as a demonstration of his disapproval.

Warren is an outspoken critic of cryptocurrency and has raised concerns about the dangers of decentralized finance, the energy consumption of cryptocurrency mining, and the use of cryptocurrency in ransomware attacks, among other things. He is also concerned about the environmental impact of cryptocurrency mining. Since the beginning of his existence, he has constantly expressed his disapproval of cryptocurrencies.