CFTC Prepares to Step up Oversight of Crypto Market — Says Many Digital Assets Are Commodities

CFTC Prepares to Strengthen Crypto Market Oversight – Says Many Digital Assets Are Commodities – Regulation Bitcoin News

The Commodity Futures Trading Commission (CFTC) has shared with Congress its plans to regulate the crypto market with “full oversight capabilities” if the Digital Consumer Protection Bill becomes law. The regulator claims to have the necessary experience and expertise and believes that “many digital assets constitute commodities”. Meanwhile, SEC Chairman Gary Gensler has insisted that …

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