"SEC Chair open to FTX restart with new leadership, legal clarity."

Jafar224

On November 9, according to CNBC, Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC), stated that if Tom Farley, the CEO of Bullish, a cryptocurrency trading platform under Block.one, or anyone else wants to restart FTX, he would say, "Act within the legal framework." Gensler mentioned that if the new leadership team operates with a clear understanding of the law, restarting FTX is possible. Furthermore, Gensler emphasized, "Build trust with investors in what you're doing, make sure you have appropriate disclosures — and don't mix all these functions together, don't trade against your customers. Or use their crypto assets for yourself."

Isha000

It's necessary to understand the law.

Jiger955

Understanding the law is the responsibility of the legal team, isn't it?

Kapil334

Of course, that has a certain role.