Cointime

Download App
iOS & Android

FTX Implosion Has U.S. Rgulators on Watch

U.S. regulators are monitoring the implosion of crypto exchange giant FTX, which announced earlier today that it is selling FTX.com to rival exchange Binance.The Commodity Futures Trading Commission is watching the situation, but, "any regulatory issues right now are unclear," spokesperson Steven Adamske told The Block.

FTX CEO Sam Bankman-Fried had pushed for legislation to grant the CFTC more direct power over crypto markets, including direct oversight and rulemaking of any token or cryptocurrency classified as a digital commodity, as bitcoin is in the U.S.

Comments

All Comments

Recommended for you