FTX Direct Clearing Plan Was Nowhere Close to Being Approved, CFTC Chief Says

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A plan by FTX to streamline financial market rules was nowhere near regulatory agreement before the crypto exchange went bust, U.S. regulator CFTCbehnam said By jackschickler

an unusually tight relationship between FTX and its trading arm, Alameda Research.

“There are elements of the application that I think have merit, but ultimately, we didn't come up with a decision,” Behnam said at an event in London hosted by the Financial Times. “We were actually not even close, because there were more questions,” he added, citing issues of law, policy and risk. FTX said it wanted to allow customers to assess and respond to derivatives risks in real time, but withdrew its plans on the same day it filed for bankruptcy, Nov. 11. In October, Behnam in the face of pushback from the

 

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CFTCbehnam jackschickler It's time to forget about FTX and other centralized exchanges. In my opinion, the future belongs to MetaDex and other decentralization.

CFTCbehnam jackschickler Where the fuck is gensler the goon at?

CFTCbehnam jackschickler lol

bitcoinnetwork3 CFTCbehnam jackschickler I Wish I discovered this earlier. Uniswap is being exploited by this guy. More than $100k so far leaked in discord group

CrownedKingXRP CFTCbehnam jackschickler I Wish I discovered this earlier. Uniswap is being exploited by this guy. More than $100k so far leaked in discord group

CFTCbehnam jackschickler “Did we have meetings with SBF? Yes. Did he donate $70 million of stolen funds to the politicians who appointed us? Yes. Did our former boss go to work for FTX? Yes. Did Sam and company have unprecedented access and power in government? Yes. But no special favors!” - Regulators

CFTCbehnam jackschickler xrpfixesthis

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