Revelations From Crypto Crisis Are 'Disturbing,' Says CFTC's Johnson

The video discusses the ongoing issues in the crypto market, focusing on the FTX crisis and its implications. It highlights the importance of corporate governance and risk management, particularly in the context of FTX US Derivatives and Ledger X. The discussion also covers regulatory challenges, asset safety, and the need for federal congressional action to address regulatory gaps in the crypto market. The video concludes with a call for formal rules governing direct clearing organizations to prevent future crises.

What are the implications of having limited visibility into the activities of entities organized outside the U.S.?

How can the regulatory gap in the cryptocurrency market be addressed according to the discussion?

In what ways could the Ledger X platform serve as a model for future regulatory frameworks in cryptocurrency?