U.S. Regulator Says CFTC Is Not Crypto-Friendly Over The SEC
CFTC Not A Potential Crypto Ally Christy Goldsmith Romero, one of the five commissioners at the CFTC, revealed that cryptocurrency cases now constitute approximately 20% of the agency’s portfolio. This includes recent civil cases brought against major exchanges such as Binance and FTX. In March, the CFTC filed a lawsuit against Binance and its CEO Changpeng “CZ” Zhao, alleging the operation of a sham compliance program. CZ countered the allegations, describing them as an incomplete representation of facts. advertisement Additionally, the regulator voiced her dissent over the belief that the CFTC has a “light touch” when it comes to regulating cryptocurrencies. While taking a dig on the matter, Romero was quoted as saying: Light touch regulator would never be written on my tombstone. Goldsmith Romero dismissed the notion of hostility between the CFTC and the SEC in terms of regulating the new class of digital assets. However, she ac...