CFTC Chair: Crypto Deserves Better Regulation, not 70-Year-Old Case Law
blog.silvermint.net
It’s not just rhetorical flourish when we’ve written that the government is trying to regulate the future with the tools of the past, and now the chairman of the the Commodity Futures Trading Commission (CFTC) said as much on CNBC Squawkbox. CFTC Chairman Rostin Behnam talked about this and his disagreements with Securities and Exchange Commission Chair Gary Gensler over classifying crypto as either a security or a commodity, and said a new approach is needed as they are relying on 70-year-old case law in making determinations.
CFTC Chair: Crypto Deserves Better Regulation, not 70-Year-Old Case Law
CFTC Chair: Crypto Deserves Better…
CFTC Chair: Crypto Deserves Better Regulation, not 70-Year-Old Case Law
It’s not just rhetorical flourish when we’ve written that the government is trying to regulate the future with the tools of the past, and now the chairman of the the Commodity Futures Trading Commission (CFTC) said as much on CNBC Squawkbox. CFTC Chairman Rostin Behnam talked about this and his disagreements with Securities and Exchange Commission Chair Gary Gensler over classifying crypto as either a security or a commodity, and said a new approach is needed as they are relying on 70-year-old case law in making determinations.