Cryptocurrency Statement by FTX CEO Sam Bankman-Fried

Sam Bankman-Fried, CEO of the popular cryptocurrency exchange FTX, a competitor of Binance, commented on the recent securities debate in the market.

The US Securities and Exchange Commission (SEC) has so far drawn the ire of many crypto leaders and experts for its thoughts on cryptocurrency market structures. In this regard, FTX founder Sam Bankman-Fried (SBF) also commented on the issue. SBF, the CEO of the cryptocurrency exchange, was recording details on his official twitter account about how the FTX margin infrastructure works and the structure they propose in the US. He mentioned a report that Germany is proposing to only allow futures trading with pre-deposited collateral. In the midst of this, when asked by a journalist named Alex for his view on the debate that "most cryptocurrencies are actually securities", the FTX CEO responded that there are tokens that are securities and tokens that are not securities. SBF noted that the SEC will largely deal with crypto assets that are securities and are offered for sale, while the CFTC will deal with tokens that are not securities. Sam Bankman-Fried concluded his tweet by saying that he supports a federal audit for crypto assets in any form. Source: Bitcoinsystem The investment information, comments and recommendations contained herein do not constitute investment advice. Investment advisory services are provided on a personalized basis, taking into account the risk and return preferences of individuals. The content, comments and recommendations contained herein, which are in no way directive in nature, are of a general nature. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results in line with your expectations.