FTX’s Push for US Crypto Clearing Left In Suspense By Binance Deal

“Its proposal with the CFTC to offer central clearing of margin products to retail customers will be seen in a different light,” said Ian Katz, a managing director at Capital Alpha Partners, in a Tuesday research note. Bankman-Fried has been on a Washington charm offensive in recent weeks, Katz wrote, but this development will mean the company’s “advocacy role in D.C. will, at the very least, be diminished.”