The CFTC appoints seasoned crypto specialist Bruce Fekrat as chief counsel, starting June 1st. Fekrat worked as an executive director for CME Group for eight years.
that the CFTC “does not regulate crypto assets even if they are commodities," having staff with experience in cryptocurrencies could potentially influence digital asset regulation in the United States.
At present, the Securities and Exchange Commission, Federal Reserve, Treasury Department, CFTC and Financial Crimes Enforcement Network handle issues dealing with digital assets in the United States, including regulation and enforcement. However, each agency often has different jurisdictional claims,Bringing crypto market 'into the light' doesn’t address enforcement: CFTC chair
During Fekrat's tenure at the CME Group, the derivatives marketplace launched Bitcoin futures contracts in December 2017 amid the bull run and later went on to introduce micro Bitcoin futures in May 2021 and micro Ether futures in December 2021. In March, the group announced it wouldCointelegraph reached out to Bruce Fekrat, but did not receive a response at the time of publication.
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