CFTC Commissioner: Traditional Financial Regulations Can Be Applied to Cryptocurrencies to a Certain Degree

According to CoinDesk, the U.S. Commodity Futures Trading Commission (CFTC) Commissioner Christy Goldsmith Romero said that cryptocurrencies may pose some risks to financial stability, and that traditional finance (TradFi) regulations apply to cryptocurrencies to a certain extent, but may need more clarity guidelines rather than a whole new set of rules. Still, Goldsmith Romero said that because Crypto assets are different from traditional financial products, “we have to be a little bit cautious about how we customize things because we don’t know the consequences of doing that.” Officials should review the established way traditional financial markets are regulated, See if they can apply to cryptocurrencies.

Babbitt News

Related Posts

Why can’t Bitcoin upgrade Ethereum’s Proof of Stake?

Article written by Amy Castorarchive There is no technical barrier to making the notoriously energy-hungry cryptocurrency vastly more efficient, just a social one. Last year, Ethereum went the green route. The world’s second most popular crypto blockchain is transitioning to proof-of-stake (POS),…
Read More