Bullish CEO Eyes FTX Assets Amid Questions Over Exchange's Trading Volumes
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Thomas "Tom" Farley is the CEO of crypto exchange Bullish, which recently acquired CoinDesk and is exploring purchasing FTX out of bankruptcy.
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Farley previously served as President of the New York Stock Exchange and attempted to take Bullish public via a SPAC, but the deal failed.
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Bullish promotes itself as a regulated and compliant exchange, but some experts question its reported trading volumes.
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If Bullish bought FTX, it would gain access to FTX's large customer base and digital asset holdings, which have substantial value.
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SEC Chair Gary Gensler gave a qualified endorsement of Farley and Bullish acquiring FTX assets, saying to "do it within the law."