SEC Chair Gary Gensler has expressed openness to a potential reboot of the bankrupt cryptocurrency exchange FTX, as long as the new leadership operates within the boundaries of the law. Gensler emphasized the importance of building investor trust, proper disclosures, and avoiding conflicts of interest. Tom Farley, former president of the New York Stock Exchange and current CEO of cryptocurrency exchange Bullish, is reportedly among the bidders for FTX. The winner of the bid could relaunch the exchange after it exits bankruptcy next year. Gensler also highlighted the prevalence of fraudsters in the crypto industry and the need for stronger measures to protect investors. The SEC is currently involved in lawsuits against Binance, Coinbase, Ripple, and Grayscale over alleged securities violations.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	1
People	Gary Gensler, Tom Emmer, Tom Farley, Sam Bankman-Fried, None
Companies	FTX, Binance, Coinbase, Grayscale, Wall Street Journal, Proof Group, Ripple, SEC, New York Stock Exchange, Figure Technologies, Bullish
Currencies	None
Securities	None