Friday’s proposal, which particulars how regulated corporations should solely put buyer belongings into an expanded record of essentially the most liquid of investments, does not take into account “the context of a non-intermediated clearing model where the DCO offers direct client access to its clearing services, without the FCM as an intermediary,” mentioned CFTC Commissioner Kristin Johnson.
Ex-FTX Unit LedgerX in Gray Area Beyond U.S. CFTC Proposal on Customer Funds: Commissioner
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