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Ex-FTX Unit LedgerX in Gray Area Beyond CFTC Proposal on Customer Funds: Commissioner

The U.S. derivatives regulator proposed a new rule for how regulated firms should invest clients' funds, but a CFTC commissioner pointed out it doesn't address LedgerX.

By Jesse Hamilton|Edited by Aoyon Ashraf
Updated Nov 3, 2023, 6:03 p.m. Published Nov 3, 2023, 6:03 p.m.
The U.S. Commodity Futures Trading Commission introduced a rule on how firms should invest customer assets, but one commissioner argued it doesn't address crypto platform LedgerX. (Jesse Hamilton/CoinDesk)
The U.S. Commodity Futures Trading Commission introduced a rule on how firms should invest customer assets, but one commissioner argued it doesn't address crypto platform LedgerX. (Jesse Hamilton/CoinDesk)