A plan by FTX to streamline financial market rules was nowhere near regulatory agreement before the crypto exchange went bust, U.S. regulator CFTCbehnam said By jackschickler
an unusually tight relationship between FTX and its trading arm, Alameda Research.
“There are elements of the application that I think have merit, but ultimately, we didn't come up with a decision,” Behnam said at an event in London hosted by the Financial Times. “We were actually not even close, because there were more questions,” he added, citing issues of law, policy and risk. FTX said it wanted to allow customers to assess and respond to derivatives risks in real time, but withdrew its plans on the same day it filed for bankruptcy, Nov. 11. In October, Behnam in the face of pushback from the
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