According to Reuters, FTX has spent around US$2 billion on regulatory acquisitions, including the acquisition of futures trading platform LedgerX LLC (which in one fell swoop secured three CFTC licenses that gave FTX access to the US commodities derivatives market as a regulated trading platform), the acquisition of around 10% of US equity trading platform IEX Group (giving SBF the opportunity to lobby the SEC through IEX). FTX reportedly claimed in a filing to investors in June that it "has the cleanest brand in the crypto space". SBF has not responded to Reuters' request for comment on FTX's regulatory strategy, and FTX officials, the SEC and the CFTC have declined to comment on the matter.