LedgerX CEO: Will sue CFTC for breaking the rules and have communicated with lawyers

The US Commodity Futures Trading Commission (CFTC) issued a statement to CoinDesk on Thursday stating that LedgerX "has not been approved by the committee" to provide physical settlement of bitcoin futures, contradicting the company's previous claims. LedgerX CEO Paul Chou then commented on his Twitter that the CFTC is anti-competitive, violating the rules, etc., and will sue it. At the same time, Paul Chou said that he had already talked to the lawyer about the matter.