U.S. CFTC proposed rules require derivatives clearing organizations to separate client funds from their own funds
According to the "Protection of Clearing Member Funds Held by Derivatives Clearing Organizations" rule passed by the US Commodity Futures Trading Commission (CFTC), measures to protect customers who trade through derivative clearing organizations will be strengthened, including requiring clearing organizations registered with the CFTC and clearing trades to separate customer funds (including funds from retail investors) from proprietary funds.
CFTC Commissioner Kristin Johnson said at the meeting: "In my opinion, an important motivation for taking the measures we took today is the example of the bankruptcy of FTX and the failure of major risk management company governance. These examples demonstrate that customers may suffer huge losses in the absence of regulatory provisions prohibiting the commingling of customer funds or member property." (The Block)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Pantera Partners: Which DePIN projects have real revenue?DePin Case Studies
Some DePIN projects achieve sustainable profitability by solving existing problems, even without relying on the flywheel effect of token economics.
Cardano Partners With Barcelona to Enhance Fan Interaction
XRP Ledger v2.3.0 Upgrade to 2.3.0: Essential Changes and 80% Server Upgrade Milestone
Best New Meme Coins with 1000X Potential: BTFD Coin’s Presale Rally Sparks Buzz While Pudgy Penguins and Osaka Protocol Thrive