Senators voiced their frustration during the March 2025 Senate Banking Committee confirmation hearing for SEC nominee Paul Atkins, criticizing the SEC’s handling of the FTX scandal and urging renewed scrutiny of Sam Bankman-Fried’s parents for their alleged involvement in the collapse.

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I don’t think the SEC has done a damn thing,” Kennedy said. “They’re crooks! And I expect the SEC to do something about it.
Sen. John Kennedy, R-La., quickly lodged questions toward Atkins about what the SEC plans to do in terms of Sam Bankman-Fried’s parents.