Rostin Behnam, chair of the U.S. Commodity Futures Trading Commission, said the collapse of FTX showed what can happen when markets lack proper protections. In a post on X, he said the federally regulated crypto futures market has been able to hold together because customer funds are segregated and protected. Behnam added that the CFTC is now bringing the same safeguards to the crypto spot market. His remarks frame customer asset segregation as a core protection that regulators want to extend beyond futures trading. The comments point to a regulatory push focused on how client money is handled in spot crypto venues, using lessons drawn from the FTX failure.
Rostin Behnam, chair of the U.S. Commodity Futures Trading Commission (CFTC), said in a post on X that the collapse of FTX showed the consequences of operating a market without proper protections.
He said the federally regulated crypto futures market has been able to remain in place because customer funds are segregated and protected. The CFTC is now bringing the same safeguards to the crypto spot market, according to his post.
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