📣 U.S. Regulators' Readiness for FTX-Like Crises Questioned

posted  15 Nov 2023
Photo - U.S. Regulators' Readiness for FTX-Like Crises Questioned
The Chairman of the U.S. Commodity Futures Trading Commission, Rostin Behnam, recently declared that American regulators are yet to be equipped with the necessary powers to prevent a repeat of the FTX collapse.

Despite a legislative proposal in Congress intended to enhance the CFTC's supervisory capacity over cryptocurrencies, political standoffs are delaying its enactment.

Behnam also underscored the regulatory gap for bitcoin-like tokens, representing a significant market share, yet not acknowledged as securities, compounded by the fragmented nature of regulatory jurisdiction.

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