LedgerX has deleted all the start-up bitcoin futures launch messages previously published. According to Paul Chow’s CEO, LedgerX did this at the insistence of the US Commodity Futures Trading Commission (CFTC). Now Chow intends to sue the CFTC. He said this in a series of tweets for the publication of CoinDesk.
CFTC for competition
– Paul Chou (@paul_l_chou) August 1, 2019
So, the head of LedgerX called the events "a catastrophe for democracy" and said that the CFTC is breaking the law. He also said that he was already discussing with lawyers the filing of a lawsuit against the department for "anti-competitive behavior, excess of duties and violation of the rules."
Now in the official LedgerX account on Twitter there is only a message about the launch of the Omni platform.
It's official: we're live with retail trading on Omni! Bitcoin spot and options trading is now available to everyone (futures coming soon @CFTC )! Thanks to everyone who signed up for our waitlist.
– LedgerX (@ledgerx) August 1, 2019
“Futures will appear soon,” – notes in a message separately with reference to the CFTC account.
It is worth noting, because of recent events, the company has already left its spokesperson Ryan Gorman.
Recall that in June, LedgerX announced the receipt of a license from the authorized derivatives market (DCM) from CFTC, which will allow it to launch the country's first deliverable bitcoin futures.
A few days ago, on July 31, the successful launch of the tool was announced . Nevertheless, the participants of the crypto market have already noticed that in reality the trading of bitcoin futures did not start.
Later, the CFTC stated that it had not yet given LedgerX permission to launch a new instrument.
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