U.S. Regulators’ Readiness for FTX-Like Crises Questioned
The Chairman of the U.S. Commodity Futures Trading Commission, Rostin Behnam, recently declared that American regulators are yet to be equipped with the necessary powers to prevent a repeat of the FTX collapse.
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The Chairman of the U.S. Commodity Futures Trading Commission, Rostin
Behnam, recently declared that American regulators are yet to be
equipped with the necessary powers to prevent a repeat of the FTX
collapse.
Despite
a legislative proposal in Congress intended to enhance the CFTC's
supervisory capacity over cryptocurrencies, political standoffs are
delaying its enactment.
Behnam
also underscored the regulatory gap for bitcoin-like tokens,
representing a significant market share, yet not acknowledged as
securities, compounded by the fragmented nature of regulatory
jurisdiction.
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