Legislative efforts are underway in the U.S. Congress to make the Commodity Futures Trading Commission a key front-line regulator for cryptocurrency trading despite the Securities and Exchange Commission being perceived as tougher on financial enforcement.
In a CoinDesk article published in Yahoo Finance, asset management partner Jeremy Liabo explains there is a misconception in the crypto industry about what it means to be a “friendly” regulator. “The CFTC is a friendly regulator in that it is open to innovation. Friendly does not, however, mean that the CFTC does not enforce the laws,” said Jeremy.
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