La sussidiaria FTX LedgerX è sotto il mirino della CFTC

• Commodity Futures Trading Commission (CFTC) commissioner Kristin N. Johnson said that the regulator of the US derivatives markets had “boots on the ground” at LedgerX.
• Johnson repeated remarks made by CFTC Chairman Rostin Behnam, who said at a futures conference that his agency’s oversight was responsible for LedgerX’s ability to avoid bankruptcy.
• CFTC requires FTX’s subsidiary to have reserves, including a one-year liquidity reserve, and to refrain from touching, pledging, investing, or posing any other threats to functioning capital.

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On Thursday, a commissioner of the Commodity Futures Trading Commission (CFTC), Kristin N. Johnson, stated that the regulator of the US derivatives markets had “boots on the ground” at LedgerX, a US-based division of the FTX, whose CEO had recently resigned due to uncertainty surrounding the functioning of the firm.

At a conference on cryptocurrency regulation in London, Johnson was expressing her views on the matter and stated that the financial regulator was “monitoring and overseeing on a daily, if not hourly basis, verifying what we believe to be the case, which is [that] every dollar of customer assets held at LedgerX continues to be available.”

È interessante notare che il CFTC e FTX US, il ramo statunitense dell'exchange di criptovalute fallimentare, hanno interagito tra loro utilizzando LedgerX. Nel 2017 ha presentato domanda alla CFTC per diventare un centro di derivati regolato prima di essere acquisito da FTX l'anno precedente.

She repeated remarks made by CFTC Chairman Rostin Behnam, who said earlier this week at a futures conference that his agency’s oversight was responsible for LedgerX’s ability to avoid bankruptcy. Johnson emphasized that LedgerX was one of the businesses left out of FTX’s bankruptcy filing on Friday.

CFTC’s Regulation Of LedgerX

Secondo il commissario Johnson, la CFTC aveva imposto a LedgerX di detenere fondi separati separatamente, soggetti a esami mensili, trimestrali e annuali, e di fornire bilanci ed estratti conto bancari verificati per dimostrare la legittimità delle attività detenute nei conti per conto dei consumatori.

Additionally, she claimed, it requires FTX’s subsidiary to have reserves, including a one-year liquidity reserve, and to refrain from touching, pledging, investing, or posing any other threats to functioning capital.

She asserted that the CFTC always has “a number of options” for providing oversight to maintain market integrity, even in the absence of regulation.

Eppure, secondo Johnson, la CFTC ha bisogno dell'autorità diretta del Congresso per interagire con i partecipanti al mercato e costringerli a entrare nel quadro normativo dei mercati statunitensi.

She compared the interaction between American regulators to “coming to Thanksgiving dinner” and added that “there are some folks you might not necessarily sit beside.”

CFTC contro SEC

C'è stata una lotta costante tra CFTC e SEC su chi riceverà il segnale verde per conquistare lo spazio crittografico e i presidenti di entrambi i regolatori ritengono che Bitcoin sia una merce mentre entrambi hanno versioni diverse di quali token possono essere considerati titoli e quali possono essere considerati merci.

Recently, a polician criticized SEC Chai Gary Gensler and called his organization “power hungry.”

“Under Chair Gensler, the SEC has become a power-hungry regulator, politicizing enforcement, baiting companies to “come in and talk” to the Commission, then hitting them with enforcement actions, discouraging good-faith cooperation,” said Gensler.

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