CFTC Chief Says FTX Plan Could Make Crypto Markets ‘More Efficient’

“This proposal could end up leading to more efficient trading execution, less risk in the system,” Behnam said, adding that he’s required to cultivate “responsible innovation,” and the idea isn’t necessarily prohibited or in violation of commodities laws. Still, he considered the question worth a significant ongoing public-comment period. “As we are considering and contemplating the FTX proposal, we’re doing it cautiously,” he said.