**The Commodity Futures Trading Commission (CFTC) Sets Sights on Crypto**
In recent years, the CFTC has emerged as the go-to regulator for the crypto industry, with its approach to digital assets being viewed as more practical and reasonable compared to the Securities and Exchange Commission (SEC). Despite having a smaller reach and staff than the SEC, the CFTC’s enforcement priorities demonstrate that it is closely monitoring the crypto space.
According to industry insiders, the CFTC’s handling of digital assets has been praised for its level-headed approach, but recent developments suggest a shift in its enforcement stance. Behnam’s agency, in particular, has caught the attention of crypto circles, as it has been perceived as the preferred regulator within the United States.
“I believe the CFTC’s jurisdiction over crypto will be tested in the coming years, and I think we’ll see a lot more enforcement actions from them,” said an industry expert, highlighting the agency’s increasing focus on crypto-related activities.
This shift in enforcement priorities has raised concerns within the crypto industry, as the CFTC’s regulatory approach may become more stringent, potentially impacting market participants and businesses operating in the digital asset space.
Sources:
– The New York Times (https://www.nytimes.com)
– The Washington Post (https://www.washingtonpost.com)
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About the author - J-S Tremblay
I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...
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