Christy Goldsmith Romero said that the regulator is currently conducting several major investigations related to digital assets. Cryptocurrency companies account for about 20% of CFTC litigation, including civil cases involving the Binance and FTX exchanges.
In March, CFTC Chairman Rostin Behnam proposed that the agency be given greater powers to regulate stablecoins. Therefore, participants in the crypto market have reason to believe that the CFTC and SEC are “waging war for the territory of regulation of cryptocurrencies.” Romero denied these claims, explaining that many of the products in the cryptocurrency industry are new and regulators are still trying to sort them out.
Given the large number of cryptocurrency fraud cases, it is impossible for one agency to control everything. Romero said that crypto companies should not view the CFTC as a more friendly regulator than the SEC.
“I don’t like the idea that the CFTC can be considered a softer and more forgiving agency. “Easy-to-use regulator” – this inscription will never appear on my tombstone, ”Goldsmith Romero announced.
Recently, the chairman of the CFTC spoke out against the anonymity of cryptocurrencies, as this, according to the official, poses great risks to the national security of all countries.
Source: Bits
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