David Sacks calls CFTC, SEC picks a crypto regulation ‘dream team‘
David Sacks, the US President's AI and crypto czar, has called the appointments of Michael Selig as CFTC Chair and Paul Atkins as SEC Chair a "dream team" for crypto regulation. This follows Selig's confirmation and his statement that Congress is preparing to complete a crypto market structure bill, which aims to cement the U.S. as the "Crypto Capital of the World." The bill, known as the Responsible Financial Innovation Act, is currently on hold during the holiday break but is expected to be marked up by the Senate Banking Committee in early January. The legislation is anticipated to grant the CFTC more authority over digital assets, a shift from the SEC's previous dominant role.
cointelegraph12/22 18:21
