Friday, May 30, 2025

Latest

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.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

First Majestic Makes Second Major Discovery At Santa Elena In Just A Year

Related News

FTX: Who Actually Owns The Robinhood Shares?

Details on the recent bankruptcy filing of Sam Bankman-Fried’s FTX Group continue to come out,...

Sunday, November 13, 2022, 09:00:00 AM

FTX Sues Sam Bankman-Fried’s Parents: “Exploited Access… To Enrich Themselves”

In a recent court filing on Monday, the bankruptcy estate of FTX has taken legal...

Wednesday, September 20, 2023, 03:07:00 PM

Ex-Alameda Research Engineer Reveals How Sam Bankman-Fried “Stole” His Life Savings

In a shocking X (fka Twitter) thread, Aditya Baradwaj, who claims to be a former...

Saturday, August 26, 2023, 09:05:00 AM

A Look At Sam Bankman-Fried’s Prison Experience

In a riveting three-hour live discussion hosted by Martin Shkreli, who goes by the handle...

Tuesday, September 5, 2023, 03:53:00 PM

SBF, Prosecutors Allegedly Discussing Bail Deal Upon US Extradition

Sam Bankman-Fried, the disgraced FTX founder accused of orchestrating one of the biggest ponzi schemes...

Wednesday, December 21, 2022, 11:13:48 AM