On Dec. 9, LedgerX derivatives exchange CEO Paul Chou and his wife Juthica, the COO, were unceremoniously removed by the board of the company they founded. While no explanation was given, the company suffered a huge and embarrassing setback over the summer.
Kelly Loeffler, the CEO of the Bakkt cryptocurrency futures platform, is heading to the U.S. Senate, according to press reports. Loeffler's appointment to replace Sen. Johnny Isakson will give the cryptocurrency industry a strong voice in Congress, if it goes through over President Trump's wishes
Cryptocurrency derivatives exchange LedgerX has accused former U.S. Commodity Futures Trading Commission Chairman J. Christopher Giancarlo of carrying out a revenge campaign. LedgerX wrote two letters of complaining about Giancarlo to the CFTC in July, Coindesk reported September 28. Giancarlo is known as “Crypto-Dad” because of his favorable view of the cryptocurrency industry. Coindesk obtained the letters, written on July 3 and July 11 from the CFTC via a Freedom of Information Act request. In them, LedgerX CEO Paul Chou claimed Giancarlo deliberately sabotaged and delayed its vital derivatives clearing organization (DCO) license application. “In January, the Chairman called one of our board members and told him that he was going…
An hour after Chou accused the Commodity Futures Trading Commission (CFTC) regulator of acting in bad faith and being in the pocket of one of the largest companies it oversees, RGPR agency founder Ryan Gormley took to twitter with a message of his own.
