CFTC best placed to regulate digital assets, commissioner says
Newly confirmed head says agency has the authority and precedent to police crypto markets.
The US Commodity Futures Trading Commission is “absolutely” the right regulator to oversee cryptocurrencies, according to the agency’s newest commissioner, Caroline Pham.
Regulators in the US are engaged in a tug-of-war over who should police the market for digital assets. The CFTC already regulates crypto futures and has determined that popular tokens such as Bitcoin, Ether and Litecoin are commodities falling within its jurisdiction.
The Securities and Exchange Commission argues that many
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