The U.S. CFTC votes to pass the rule of "Protecting Clearing Member Funds Held by Derivatives Clearing Organizations"

According to The Block, the U.S. Commodity Futures Trading Commission (CFTC) has voted in favor of a rule to "protect funds held by derivatives clearing organizations' clearing members", which will strengthen protections for customers trading through derivatives clearing organizations. This includes requiring CFTC-registered and cleared trading organizations to separate customer funds (including retail investors' funds) from their own internal funds. A CFTC commissioner stated at the meeting that "in my humble opinion, an important motivation for taking the measures we took today is to illustrate the bankruptcy of FTX and significant risk management company governance failure".