“To be clear, Mr. Bankman-Fried funded his lavish donations to the Democratic Party through rampant fraud,” Hawley continued. “The net result was that billions of dollars were stolen from investors and handed over to Democrats and left-wing organizations.”

He added that the collapse of FTX coming shortly after the midterm election was suspect and raised questions about whether federal regulators and law enforcement “faced conflicts of interest in identifying, investigating, and thwarting the fraudulent scheme.”