FTX has been on a charm offensive with U.S. commodities regulators. 
This week, FTX.US, the U.S. affiliate of the global FTX brand, announced that it acquired LedgerX, a long-running crypto derivatives exchange that holds the licensure needed to offer futures, options and swaps for retail and institutional clients — specifically from the Commodity Futures Trading Commission (CFTC).
Ahead of the announcement, The Block learned, the FTX.US team held meetings with CFTC leadership. 
“FTX and LedgerX leadership have met virtually with the CFTC Chairman and Commissioners, and staff, to introduce the FTX team and to brief them on the FTX-Ledger X partnership,” new general counsel Ryne Miller told The Block.
The CFTC is in charge of enforcing anti-fraud and market manipulation in commodity spot markets, with its regulatory authority limited to commodity-based derivatives. That’s an especially tricky distinction when it comes to crypto, one that Commissioner Dawn Stump highlighted o

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