The incoming chair of the SEC has pledged to review the SEC's investigation into the role of SBF's parents in the FTX crisis

ChainCatcher news, according to unchainedcrypto, during a hearing of the U.S. Senate Banking Committee, SEC chairman nominee Paul Atkins expressed concern about reports regarding the profits made by FTX founder Sam Bankman-Fried's (SBF) parents and Stanford University in the FTX fraud incident.

Atkins committed to reviewing the SEC's investigation into the connections between SBF's parents and Stanford Law School.

Additionally, Republican Senator John Kennedy criticized the SEC for its slow response to the incident, emphasizing that he would continue to question the accountability related to it. The hearing is the first step in the confirmation process for four financial officials nominated by Trump.