Is CFTC ‘ready to take responsibility’ for $3T crypto market?
The U.S. Commodity Futures Trading Commission (CFTC) is positioning itself as a leading regulator for the $3 trillion cryptocurrency market. Chair Michael Selig stated the agency is prepared to take on this responsibility and is working with the SEC to harmonize federal oversight. This shift comes amid broader U.S. regulatory improvements, which have supported significant market growth, including a stablecoin market cap exceeding $319 billion. The CFTC has taken steps like publishing a crypto-asset system and offering regulatory relief to developers. However, key legislation, such as the CLARITY Act, remains stalled in Congress. A clearer regulatory framework is seen as crucial for further industry expansion.
ambcrypto04/02 12:12
