Better Markets Criticizes CFTC Retail Crypto Framework
Better Markets stated that the CFTC is the wrong agency to regulate retail cryptocurrency, leaving investors with fewer protections than the SEC.
Better Markets has criticized the Commodity Futures Trading Commission's (CFTC) proposed framework to bring certain cryptocurrency transactions and exchanges under its oversight, according to Cointelegraph.
Regulatory Criticisms
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The advocacy group argued that the CFTC lacks the robust investor protections provided by the Securities and Exchange Commission (SEC).
The criticism centers on the regulatory approach for leveraged retail cryptocurrency trading under the proposed CFTC framework.
Key facts
- Better Markets stated the CFTC is the wrong agency to regulate retail crypto.
- The group argued the CFTC lacks investor protections provided by the SEC.
- The criticism specifically targets the oversight framework for leveraged retail crypto trading.
Source: cointelegraph.com
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