The US securities regulator chief has hinted he could be open to a rebooted crypto alternate FTX — so long as its new management stays throughout the bounds of the regulation.

SEC Chair Gary Gensler’s feedback have been made in response to stories that Tom Farley, a former president of the New York Inventory Trade, is now within the working to purchase the bankrupt cryptocurrency alternate based by now-convicted fraudster Sam Bankman-Fried.

Crypto nonetheless has its fair proportion of fraudsters, says Gensler