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FTX stated that the acquisition of its EU subsidiary by Backpack has not yet received court approval and has not been authorized to distribute funds to FTX creditors

ChainCatcher news, according to Cointelegraph, the bankrupt cryptocurrency exchange FTX stated that the acquisition of its European branch FTX EU by the cryptocurrency exchange Backpack has not yet been approved by the bankruptcy court, and Backpack has not been authorized to distribute funds to FTX creditors.Backpack announced on January 7 that it has acquired FTX EU and stated that it will assume the responsibility of repaying debts to EU customers as part of the court-approved bankruptcy process. Backpack founder Armani Ferrante stated that his exchange will not conduct any transactions in the EU until it can repay FTX creditors, adding that it may be ready as early as February.However, FTX stated in a statement on January 8 that Backpack's "claim" of acquiring FTX EU has not occurred and has not been approved by the U.S. Bankruptcy Court for the District of Delaware, adding that all statements released by Backpack were made without FTX's knowledge. FTX debtors had previously agreed to sell FTX EU to some "former insiders" of FTX Europe under a settlement agreement supervised by the bankruptcy court, but only stated that they were informed that these former insiders had agreed to indirectly transfer FTX EU to Backpack. FTX also noted that Backpack has not been granted the authority to manage the repayment to creditors.

Industry insiders believe that Trump will appoint a cryptocurrency supporter as the chairman of the CFTC

ChainCatcher news, as CFTC Chairman Rostin Behnam is about to step down, market observers believe that, given that elected President Trump has consistently supported individuals in the cryptocurrency sector for regulatory positions, he may appoint another candidate who supports cryptocurrency.Meanwhile, reports indicate that CFTC Republican commissioners Summer Mersinger and Caroline Pham are potential candidates for the acting chair position.Another candidate is Brian Quintenz, who previously served as a CFTC commissioner and advocated for innovative approaches during his tenure, including tokenized commodities and decentralized finance, making him a strong contender for the position. Quintenz is currently the policy director at a16z crypto, the digital assets division of a16z.Previous news reported that CFTC Chairman Rostin Behnam will resign on January 20, the day of President Trump's inauguration.Behnam expressed concerns that regulation of crypto assets, including Bitcoin and other cryptocurrencies, remains insufficient, stating: "There is still a significant portion of the crypto asset space that is unregulated within the U.S. regulatory framework. Given the adoption we see from some traditional financial institutions and the huge demand from retail and institutional investors for these products, it is crucial to fill this gap. The CFTC remains well-positioned to become the spot regulator for crypto commodity assets."
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