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

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The CFTC has revealed how it would regulate the crypto market if given more authority and resources. 'Many digitalassets constitute commodities,' said the regulator. cryptocurrency bitcoin

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

The chairman of the Commodity Futures Trading Commission , Rostin Behnam, discussed how his agency would regulate the crypto market in a legislative hearing Thursday before the U.S. Senate Committee on Agriculture, Nutrition, and Forestry. He explained that his agency “facilitates customer protections through its principles-based market oversight and disclosure regime aimed at ensuring transparency, integrity, and security of transactions.”

 

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