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Lawyers for the CFTC served notice of the lawsuit against the DAO via a website help bot and a forum post. The four amicus briefs say the CFTC wasn't playing fair.
The former LedgerX unit seems to be in good shape, Behnam said at a Chicago event, though its controversial application to directly clear customers’ derivatives trades was withdrawn.
One of the traditional, regulated firms that has opposed an FTX effort to upend derivatives clearing – Cboe Digital – jumped into the drama by issuing a letter boasting about its safety measures.
The fate of FTX U.S. Derivatives’ application for the authority to clear customers’ crypto transactions – a potential game changer in U.S. markets – is now unclear.