Here’s What Happened in Crypto Today, by Cointelegraph

Rep. Patrick McHenry has issued a warning to the United States Securities and Exchange Commission (SEC) regarding its management of FTX-related documents, suggesting the possibility of a subpoena. In other news, Binance has announced its departure from the Russian market, having sold its local operations to the newly established exchange CommEx, although details of the transaction have not been made public. Additionally, customers of the cryptocurrency lender BlockFi may soon be among the first to receive a return of their funds amid ongoing bankruptcy cases.

As the chair of the United States House Financial Services Committee, Rep. McHenry has expressed his intention to take formal action against the SEC for its handling of documents related to Sam Bankman-Fried.

In summary, there are significant developments involving the SEC’s inquiries, Binance’s strategic exit from Russia, and potential reimbursements for BlockFi clients.