CFTC commission said it will be too early to give an opinion on risk management or regulatory faults of FTX.
Regulatory policies have been made to function as consumer protection measures- Johnson.
It is not so far fair to make up the mind that the bankrupt exchange’s team intentionally and readily made errors when it comes to exposure, as per Johnson.
Kristin Johnson statement
On Wednesday, a CFTC commissioner stated that when it is a matter of revealing what precisely happened to the now-bankrupt crypto exchange FTX, it will be very soon to give an opinion on risk management or regulatory faults were made, if there are any.
As increasing damage from FTX’s collapse oozes, CFTC Commissioner Kristin Johnson stated if regulators decide there was misconduct, there is still one more question of whether it was completely done on purpose.
“We are in the primevally and starting to decorticate the layers of what is done, so I would feel neglected to start to elaborate what’s inside my
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