SEC Chair: It is possible to restart FTX under new leadership that has a clear understanding of legal prerequisites.

According to BlockBeats news on November 9th, CNBC reported that Gary Gensler, the chairman of the US Securities and Exchange Commission (SEC), stated that if Tom Farley, the CEO of Bullish, a cryptocurrency trading platform under Block.one, or anyone else wants to relaunch FTX, "I would say, 'act within the law'". If the new leadership team operates with a clear understanding of the law, it is possible to relaunch FTX. In addition, Gensler stated that "establishing investor trust in what you're doing and ensuring that you have proper disclosures - and you don't mix all these functions together, and you don't become a counterparty to your customers. Or use their crypto assets for your own purposes."