Gary Gensler: Restarting FTX is possible “within the law”

Odaily News U.S. SEC Chairman Gary Gensler said during Fintech Week in Washington, D.C., that restarting FTX, run by the former president of the New York Stock Exchange, is possible “within the law” if the new leadership of FTX has a clear understanding of the law. (CNBC) It was reported yesterday that a company run by former New York Stock Exchange President Tom Farley was one of three companies bidding for FTX’s remaining assets, and FTX’s auction has entered the final stage. Bullish, a cryptocurrency trading platform run by Farley, fintech startup Figure Technologies and crypto venture capital firm Proof Group are vying to acquire FTX, according to people familiar with the matter. The winning bidder can restart the trading platform after it exits bankruptcy proceedings next year.