• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

FTX US appoints former CFTC commissioner to board

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Jill Sommers, former commissioner of the Commodity Futures Trading Commission (CFTC), officially joins the board of directors of the US branch of FTX.

FTX US appoints former CFTC commissioner to board

Last evening (September one), the FTX US derivatives exchange officially named former CFTC commissioner Jill Sommers to its board of directors, to aid strengthen the company’s regulatory efforts.

Related articles

OpenAI's board considers merging with rival Anthropic

OpenAI’s board considers merging with rival Anthropic

November 21, 2023
No legal changes have been made to prevent a “second FTX” from occurring.

No legal improvements have been created to avoid a “second FTX” from taking place.

November 16, 2023

Welcome to FTX, Commissioner Somers!https://t.co/8FBON88fup

– SBF (@SBF_FTX) 1 September 2022

Sommers served two terms at the CFTC, underneath Presidents George W. Bush and Barack Obama. He is at the moment senior advisor to the fiscal advisory company Patomak Global Partners.

Somers expressed the causes why he chose to return to FTX announcement:

“FTX has always been at the forefront of bridging the gap between traditional and digital assets, staying true to the founding principles of transparency and being a regulated digital asset exchange. The strictest rule in the world.”

Mark Wetjen, a further former CFTC commissioner, is at the moment also the strategic and political leader of FTX.

In the previous, there have been consistent moves to “make friends”, even “pressure” the US government to strengthen the FTX legal corridor.

In May, Sam Bankman-Fried participated in an in-individual discussion organized by the CFTC in Washington and quite a few expert derivatives organizations this kind of as the CME Group to go over the proposal. do away with futures commission sellers (FCMs) as brokers or intermediaries in the Bitcoin futures market place in addition to negotiating the improvement of the sector.

At the identical time, the CEO and his political group stopped in Washington, DC to speak to White House policy advisor Charlotte Butash with quite a few ambitions. The journey comes as US lawmakers are debating irrespective of whether the CFTC or the Securities and Exchange Commission (SEC) need to act as the main regulator of the federal market place for the cryptocurrency sector. .

Just about two months in the past, the CEO of FTX also meant to “donate $ 100 million” to the up coming US presidential candidate. There have been quite a few reviews that the richest billionaire in the cryptocurrency sector will produce a “super organization” to mobilize politics in the United States, but Mr. Bankman-Fried instantly denied.

Synthetic currency 68

Maybe you are interested:

Maybe you are interested:

Tags: appointsboardCFTCCommissionerFTX
Share76Tweet47

Related Posts

ECB Cuts Interest Rates; Bitcoin Prices Surge

by shark
June 6, 2025
0

The European Central Bank's decision to reduce interest rates to 2% on June 5, 2025, positively impacts cryptocurrency markets, causing...

UK Gold Miner Bluebird Ventures Embraces Bitcoin Treasury Strategy

by shark
June 6, 2025
0

Bluebird Mining Ventures shifts from gold revenue to Bitcoin treasury, impacting market dynamics.

Trump Advisor Meets El Salvador President Over Bitcoin Strategy

by shark
June 6, 2025
0

Trump's advisor Bo Hines meets El Salvador's Nayib Bukele to discuss Bitcoin policy impacts.

Bitcoin’s Quiet 2025 Could Signal Major Crypto Shift

by shark
June 6, 2025
0

Bitcoin experiences calm trading in 2025, analysts foresee pivotal crypto changes ahead.

California Assembly Advances Bill on Dormant Crypto Assets

by shark
June 5, 2025
0

California's State Assembly approves AB-1052, designating long-inactive crypto assets as unclaimed property.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Qubetics Gains Traction as HYPE and Tron Respond to Market Shifts: The Next Best Crypto to Buy in 2025
  • ECB Cuts Interest Rates; Bitcoin Prices Surge
  • BlockDAG Hits $287M, AVAX Eyes $300 & BCH Climbs,
  • HYPE Holds Support, PEPE Sentiment Surges; Unstaked Eyes $1 Milestone!
  • BlockDAG, SHIB, Stellar, and TRON: June’s Top Bullish Crypto Picks
  • UK Gold Miner Bluebird Ventures Embraces Bitcoin Treasury Strategy
  • Trump Advisor Meets El Salvador President Over Bitcoin Strategy
  • Qubetics, Solana, Stellar: Massive Updates and $900M Moves Set Stage for Next Bull Run Crypto
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7