FTX has strongly criticized the Universal Clearing Corporation (UCC) for its asset control pursuits. The UCC had recommended that debtors allocate nearly $2.6 billion of their cash reserves into short-term Treasurys. In a statement, FTX argued that this move would do more harm than good and would jeopardize the future of the cryptocurrency sector. FTX also stated that such a decision may lead to a lack of trust in the cryptocurrency market, which could have negative long-term effects. The cryptocurrency exchange urged the UCC to reevaluate its plan and consider other options to ensure the stability of the industry.