FTX Withdraws US CFTC Derivatives Clearing Plan: Bloomberg

CFTC Already Preparing to Be Crypto Watchdog, Benham Tells US Senators

LedgerX, which does business as FTX US Derivatives after being acquired in 2021, filed a plan to directly settle crypto derivatives, cutting out intermediaries, earlier this year. The move met with opposition from traditional financial players, such as Cboe, which warned that there may be investor safeguard and protection concerns.

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