FTT, the native token of the bankrupt FTX cryptocurrency exchange, experienced a sharp increase of over 65% following remarks from SEC Chair Gary Gensler suggesting the possibility of reviving the exchange. This surge occurred in response to Gensler's expressed willingness for the potential reboot of FTX by former New York Stock Exchange president Tom Farley, on the condition that it operates within legal parameters and gains investors' trust. The founder of FTX, Sam Bankman-Fried, has been convicted of fraud and conspiracy, with the exchange filing for bankruptcy almost a year ago due to mishandling customer deposits.