Did CME Group CEO Terry Duffy Slip Up About Bribing ‘His Regulator’ At The CFTC?

Fox News’s Tucker Carlson on Tuesday brought on CME Group CEO Terry Duffy to talk about the collapse of the crypto exchange FTX and its founder and former CEO Sam Bankman-Fried. But that’s not all they talked about.

This wasn’t the first interview that Duffy did on the matter. He has been openly critical of SBF, and recently called him “an absolute fraud” and also claimed that he saw the collapse coming months ago.

CME Group, like FTX, is also a rather large exchange firm. But unlike FTX, CME does not have a lot of crypto exposure, and it seems to have a better relationship with regulators, at least enough for them to be called “my regulator.”

Carlson, who was most probably setting up an attack on the US Securities and Exchange Commission (SEC), particularly its chair, Gary Gensler, asked Duffy where Gensler was while FTX was doing what it did. Duffy then opened his complicated-sounding, statute-quoting response with:

I don’t know where Gary Gensler was, but my regulator at the CFTC, I bribed. I asked them, why in the world are you invoking the Commodity Exchange Act?”

Wait, what?

It’s possible that he misspoke. That it was a Freudian slip, where he didn’t actually mean to say that he bribes his regulator at the CFTC, just that he was thinking of bribery right when he was constructing his response.

Or maybe this is really where we are now, it’s gotten so bad that CEOs are casually talking about bribing regulators the way they name people they play golf with. 

As of this writing, Duffy has yet to address the slip-up.


Information for this briefing was found via Twitter, and the sources and companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Gold/Silver: People Can Still Lose Money In This Bull Market!? | Rick Rule

He Said $300 Silver!? | Peter Krauth

Dollar Will Collapse, Gold and Silver Are the Only Safe Havens | Jim Rogers

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

CME Group Raises Silver Margin Requirements 17.8% Following Volatility

In an attempt to quell the recent volatility experienced in the silver markets, the CME...

Monday, February 1, 2021, 07:23:44 PM

Trump Goes Big on Crypto as SEC Repeals Restrictive Custody Regulations

U.S. President Donald Trump has announced significant investments and initiatives aimed at accelerating the adoption...

Friday, January 24, 2025, 10:19:47 AM

SEC Files Fraud Charges Against A US$300 Million Crypto Pyramid Scheme… But Firm Doesn’t Seem To Mind

Part of the Securities and Exchange Commission’s (SEC) crackdown on questionable crypto firms, the regulatory...

Tuesday, August 2, 2022, 10:42:00 AM

Sam Bankman-Fried’s FTX Staff Letter: Last-Minute Billion-Dollar Funding Offer, Buying Out Binance

It looks like FTX’s Sam Bankman-Fried isn’t done “explaining” his side on how the bankrupt...

Thursday, November 24, 2022, 03:57:00 PM

Fox News Viewership Dives After Tucker Carlson’s Firing

As expected, Fox News ratings took a massive dive on Monday evening following the sudden...

Thursday, April 27, 2023, 11:20:00 AM