FTX and former CEO Sam Bankman-Fried discussed no-action letters with the SEC, according to SEC minutes of meetings between the embattled former executive and senior staff at the agency. The agency did not approve the inaction, according to a search of public SEC filings for such letters and a statement from the SEC to The Block. The SEC and other regulators can provide written commitments not to pursue enforcement actions against specific activities so long as those activities do not violate existing law and follow other parameters set forth by the regulator.