“Its proposal with the CFTC to offer central clearing of margin products to retail customers will be seen in a different light,” said Ian Katz, a managing director at Capital Alpha Partners, in a Tuesday research note. Bankman-Fried has been on a Washington charm offensive in recent weeks, Katz wrote, but this development will mean the company’s “advocacy role in D.C. will, at the very least, be diminished.”
Source: https://www.coindesk.com/policy/2022/11/08/ftxs-push-for-us-crypto-clearing-left-in-suspense-by-binance-deal/?utm_medium=referral&utm_source=rss&utm_campaign=headlines