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Watch: Texas Investigates FTX US, Sam Bankman-Fried (youtube.com)
Bloomberg's Sonali Basak joins Caroline Hyde to discuss why the Texas State Securities Board is investigating FTX US over alleged unregistered securities offerings.
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    Francisco Gimeno - BC Analyst Once again, the question that is making crypto exchanges and platforms hesitate in this moment when regulatory frameworks are yet in the making. When are they complying or not with the existent regulations or even if they fall under the existent financial regulations, particularly in the US? We are seeing already huge cases against these platforms from SEC and other regulatory agencies which act attacking the companies instead of clarifying terms and conditions. The latest is this one, when the Texas State Security Board investigates FTX deal with Voyager as the assets it wants to purchase may be considered securities thus falling under securities' regulations. This is not helping the industry at all in the context of a worsening global economy and the growing digital financial system. And we fear this is going to continue as many platforms have been operating without regard to the actual non digital financial laws.