SEC Chair Gensler says rebooted FTX run by ex-NYSE chief is possible if done 'within the law'
Publishing timestamp: 2023-11-08 19:43:38
Summary
SEC Chair Gary Gensler suggests that the bankrupt crypto exchange FTX could be revived under new leadership if they comply with the law and build trust with investors. He also emphasizes the need for existing securities laws to be enforced in the crypto industry. The article mentions the fraud charges against FTX founder Sam Bankman-Fried and the separate civil suits brought by the SEC and CFTC against FTX. Gensler also discusses the regulatory challenges faced by other crypto exchanges like Binance and Coinbase.
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Keywords: energy, technology, fintech, coinbase global inc, cryptocurrency, business news, bitcoin,