<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/crypto-live-news/ftx-criticises-uccs-asset-control-pursuit/">FTX Criticises UCC’s Asset Control Pursuit!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>FTX has strongly criticized the Universal Clearing Corporation (UCC) for its asset control pursuits. The UCC had recommended that debtors allocate nearly $2.6 billion of their cash reserves into short-term Treasurys. In a statement, FTX argued that this move would do more harm than good and would jeopardize the future of the cryptocurrency sector. FTX also stated that such a decision may lead to a lack of trust in the cryptocurrency market, which could have negative long-term effects. The cryptocurrency exchange urged the UCC to reevaluate its plan and consider other options to ensure the stability of the industry.</p>

FTX Criticises UCC’s Asset Control Pursuit!

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