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

Friday’s proposal, which particulars how regulated companies should solely put buyer belongings into an expanded record of probably the most liquid of investments, would not contemplate “the context of a non-intermediated clearing mannequin the place the DCO presents direct consumer entry to its clearing providers, with out the FCM as an middleman,” mentioned CFTC Commissioner Kristin Johnson.