<ul><li>Gary Gensler hints at the potential revival of FTX, providing new leadership adheres to legal regulations in response to Tom Farley&#39;s interest.</li><li>The SEC Chair emphasizes the importance of trust-building and adherence to legal standards in the crypto industry.</li><li>Tom Emmer questions SEC&#39;s handling of platforms like Voyager, Celsius, Terra-LUNA, and FTX, alleging a regulatory monopoly without evidence.</li></ul>In a recent development, SEC Chair Gary Gensler expressed openness to the potential revival of the cryptocurrency exchange FTX under the condition that its new leadership adheres strictly to legal regulations. Gensler&#39;s remarks came in response to reports of Tom Farley, former president of the New York Stock Exchange, considering the purchase of the bankrupt exchange originally founded by <a href="https://twitter.com/teddyschleifer/status/1720233526048510333" rel="noopener noreferrer nofollow">convicted fraudster</a> Sam Bankman-Fried.According to a recent <a href="https://www.cnbc.com/2023/11/08/secs-gensler-says-rebooted-ftx-is-possible-if-done-within-the-law.html" rel="noopener noreferrer nofollow">report</a>, Gensler emphasized the importance of operating within the bounds of the law in the cryptocurrency field, stating:If Tom or anybody else wanted to be in this field, I would say, ‘Do it within the law,’. Build the trust of investors in what you’re doing and ensure that you’re doing the proper disclosures — and also that you’re not commingling all these functions, trading against your customers. Or using their crypto assets for your own purposes.Read full article at<a href="https://cryptotale.org/sec-chair-gensler-signals-potential-ftx-revival-under-new-leadership-report/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

SEC Chair Gensler Signals Potential FTX Revival Under New Leadership: Report

CryptoTale

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