The Commodity Futures Trading Commission wants to talk with any company that owns a crypto unit in the United States, Commissioner Kristin N. Johnson, told CoinDesk TV’s “First Mover” on Tuesday.
“It’s important for us to have a relationship with the owner of any entity that is registered to operate in our markets,” Johnson said. “A culture of compliance often begins at the top.”to expand the regulatory agency’s authority to review crypto company acquisitions, said the failure of the FTX exchange highlights the need for more transparency from parent companies of U.S. subsidiaries registered with the agency.
“That culture is not solely part of what’s happening in the subsidiary but it's often influenced by what’s happening in the parents,” Johnson said. She pointed out the CFTC lacked the oversight power to investigate FTX, which was based in the Bahamas at the time it sought Chapter 11 bankruptcy protection in November.
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