Commodity Futures Trading Commission, or CFTC, chair Rostin Behnam has cited LedgerX, the crypto derivatives and clearing platform based in the United States which was not part of FTX Group’s Chapter 11 filing, as an example of how regulating crypto firms could benefit U.S. consumers.
In a Dec. 1 hearing of the Senate Agriculture Committee exploring the collapse of FTX, Behnam
Since filing for bankruptcy under Chapter 11 in the District of Delaware, FTX has been the target of global regulators and lawmakers investigating the exchange, including Turkey’s Financial Crimes Investigation Agency, authorities in the Bahamas and U.S. state and federal authorities. The U.S. House Financial Services Committee scheduled a hearing to investigate the events around the collapse of the crypto exchange on Dec. 13, and the next court hearing in the bankruptcy case has been scheduled for Dec. 16.
