FTX dotterbolag LedgerX är under hårkorset från 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.”

Det är anmärkningsvärt att CFTC och FTX US, den amerikanska grenen av konkurskryptobörsen, interagerade med varandra med hjälp av LedgerX. Det lämnade in en ansökan till CFTC 2017 om att bli ett reglerat derivatcenter innan det förvärvades av FTX föregående år.

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

Enligt kommissarie Johnson hade CFTC gett LedgerX mandat att hålla separata medel separat, med förbehåll för månatliga, kvartalsvisa och årliga granskningar, och tillhandahålla balansräkningar och verifierade kontoutdrag för att bevisa legitimiteten hos tillgångar som innehas på konton för konsumenternas räkning.

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.

Och ändå, enligt Johnson, behöver CFTC direkt auktoritet från kongressen för att interagera med marknadsaktörer och tvinga dem att gå in i de amerikanska marknadernas regelverk.

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 vs. SEC

Det har varit en ständig kamp mellan CFTC och SEC över vem som kommer att ges den gröna signalen att ta över kryptoutrymmet och ordförandena för båda tillsynsmyndigheterna anser att Bitcoin är en handelsvara medan båda har olika versioner av vilka tokens som kan betraktas som värdepapper och vilka som kan betraktas som råvaror.

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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