THELOGICALINDIAN - A abettor with the Commodity Futures Trading Commission CFTC Dawn Stump has accurate apropos about cryptocurrency adjustment through administration the access taken by both the CFTC and the US Securities and Exchange Commission SEC
CFTC Commissioner Stump on Crypto Regulation
CFTC Abettor Dawn Stump has aloft apropos apropos the access her bureau and the U.S. Securities and Exchange Commission (SEC) are demography to adapt the crypto industry. The abettor is a articulate backer of allegorical guidelines for crypto assets.
In an account with the Financial Times, appear Wednesday, she explained that she opposes “regulating through enforcement.” Noting that regulators are hitting companies with fines and lawsuits after accouterment bright adjustable guidelines, she said:
She emphasized: “We’ve never advised a adjustment that explains to these entities how they could accomplish that registration. I would accept adopted that we would not accept brought those types of cases until we had bigger authentic how they ability accomplish compliance.”
Several assembly accept accurate agnate apropos and accept called for added clarity on crypto regulation. Senator Pat Toomey (R-Pa.) said this anniversary that “failure” by SEC Chairman Gary Gensler “to accommodate bright rules of the alley for cryptocurrencies underscores the charge for Congress to act.”
SEC Commissioner Hester Peirce has additionally argued against adjustment by enforcement, emphasizing the charge for added accuracy in crypto regulation. However, Gensler has insisted that the rules are clear on whether an asset is a security.
Nonetheless, Stump said:
What do you anticipate about the comments by CFTC Commissioner Dawn Stump? Let us apperceive in the comments area below.
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