Friday’s proposal, which details how regulated firms must only put customer assets into an expanded list of the most liquid of investments, doesn’t consider “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,” said CFTC Commissioner Kristin Johnson.
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- Source: https://www.coindesk.com/policy/2023/11/03/ex-ftx-unit-ledgerx-in-gray-area-beyond-cftc-proposal-on-customer-funds-commissioner/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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