Live updates: Bankman-Fried led one of the biggest U.S. financial frauds ever to buy political influence, prosecutors say

As the House Financial Services Committee digs into FTX’s collapse, crypto boosters on the panel are dividing their criticism between Sam Bankman-Fried and a figure closer to home — SEC Chair Gary Gensler, whom they faulted with not laying out clear industry rules. “Frankly, Chair Gensler has failed at his job,” said Rep. John Rose (R-Tenn.).