SEC Chairman: Restarting FTX "within the legal framework" is feasible

ChainCatcher news, according to CNBC, U.S. Securities and Exchange Commission Chairman Gary Gensler stated during Washington D.C. Fintech Week that if the new leadership of FTX has a clear understanding of the law, it is feasible to "restart" FTX, operated by the former president of the New York Stock Exchange, "within the legal framework."

Earlier reports indicated that a company run by former New York Stock Exchange President Tom Farley is one of three companies bidding for FTX's remaining assets. The winning bidder could restart the trading platform after it plans to exit bankruptcy proceedings next year.