SEC Chair has been pressing for control over the regulation of crypto trading, which a new bill seeks to entrust entirely to the CFTC.
SEC Chair Seeks Formal Deal With the CFTC for Crypto Regulation
“I’m talking about one rule book on the exchange that protects all trading regardless of the pair — [be it] a security token versus security token, security token versus commodity token, commodity token versus commodity token,” Gensler said, adding that this is necessary to protect investors. “Markets are markets, whether it’s derivatives or equities or fixed income.… There’s always a natural relationship between . . . derivatives generally and cash markets,” he had said, adding that the idea that CFTC is not fit for this job is misaligned.people that crypto lenders offering 4.5% to 7% returns to consumers who deposit their funds is too good to be true.
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