Commodity Futures Trading Commission (CFTC) Set to Usurp SEC Domination of Crypto

Jun 14, 2022

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Commodity Futures Trading Commission (CFTC) Set to Usurp SEC Domination of Crypto

Originally posted here.
By: Adewumi Victor

Overview

After the proposition of the Lummis/Gillibrand new crypto bill seeking to transfer much of crypto regulation to the CFTC, the chairman of CFTC, Ross Benham, has said that his agency is set to move further into the cryptocurrency regulatory space. Ross said one of the goals of CFTC would be to define which cryptos would come under its jurisdiction. The new crypto bill, which is still very much a proposal, may be broken down into pieces, adjusted, and may take a couple of years before it is passed.

The new bill voices most of the concerns …

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