FTX.US Hires Former CFTC Attorney, Who Served as SEC Chair Gary Gensler’s General Counsel
This new addition is to help the growing crypto exchange expand in the US, where it aims to become the “market-leading” platform by volume “over the next two years.”
Amidst the ongoing growing regulatory scrutiny over the cryptocurrency market, crypto exchange FTX.US has hired Ryne Miller as its General Counsel.
“I am really excited to join the FTX.US team. We will be working alongside U.S. regulators to bring regulated digital asset markets to U.S. customers,” said Miller, who joins FTX.US from Sullivan & Cromwell LLP, where he was the co-head of its Commodities, Futures & Derivatives practice.
The former attorney at the Commodity Futures Trading Commission (CFTC), where he served as legal counsel to current SEC Chairman Gary Gensler, Miller has extensive experience in securities and derivatives.
“We're excited to have Ryne join the team and guide us through the evolving regulatory landscape of cryptocurrencies and derivatives. His industry expertise and leadership will be critical as we forge cooperative working relationships with US regulators amid the expansion of our businesses,” said Brett Harrison, President of FTX.US.
In its official announcement, FTX.US describes itself as a regulated crypto exchange that aims to “become the market-leading US cryptocurrency exchange by volume over the next two years.”
Crypto market participants actually characterizes FTX’s legal and regulatory competence as “an enormously under-appreciated moat.” It is especially of importance in the current environment when the industry is growing fast, institutions are coming in a herd, and regulators don't want to have it remain an unregulated “Wild West.”
In its attest efforts, FTX has signed a partnership with League Championship Series (LCS) to become its official crypto exchange.
“Our seven-year partnership with FTX represents the largest sponsorship agreement Riot has ever signed for an esports league,” reads the official statement.
Starting this weekend, FTX branding will appear on the LCS broadcast around the most valuable currency in League of Legends: Gold. The exchange will also directly sponsor the LCS Most Improved Player Award.