CFTC Mike Selig crypto rules video
por 🏆 Jakob Eras: United States Commodity Futures Trading Commission
CFTC Chair Mike Selig put out a video laying out proposed rules for US crypto markets. "Clear rules of the road start now."
Transcrição (en)
News overnight, Sam Bankman-Fried is now in custody in the Bahamas. His $32 billion cryptocurrency exchange, FTX, goes bankrupt in a matter of days. $8.9 billion in customer funds are missing. I think rules of the road that are there at the beginning, that people say, you know, we've got a cop on the beat. The CFTC is well suited to play an increasingly central role in overseeing the cash digital asset commodity market. I believe that this is an industry that absolutely positively has to be regulated and has to protect consumers. I think that it's very much now the time for the CFTC, my former agency, and the SEC to step forward in the gap here and write rules for this new innovation the same way that I was able to do when I was at the CFTC. It's absolutely critical that we have federal standards for crypto assets. and right now we've dealt with a patchwork of state laws and regulations, and it's really been bad for business here in the United States. The United States has a choice. We can either write the rules that define the next generation of financial markets, or we can let other countries write them for us. The CFTC will utilize its existing authorities to begin establishing a regime for crypto asset markets. We owe it to the American people to do so. President Trump's promise to deliver a crypto asset market structure, and we will help him deliver on that promise. No, no, no, no, no, no. What?
