ICYMI: Former CFTC chair proposes a means for unifying crypto regulation from divided SEC and CFTC
J. Christopher Giancarlo, the former chairman of the Commodity Futures Trading Commission, has an idea for unifying cryptocurrency regulation in the U.S.a panel including Giancarlo and representatives from Coinbase, Coin Center and the DeFi Education Fund.
."It's not crazy to think about a single regulator," she said, though seemed to back down from the earlier sentiment to make such a regulator“They’re absolutely right that there should be a single regulator," Giancarlo followed up. “At the end of the day, you can’t have multiple regulators.
The CFTC and the larger Securities and Exchange Commission have been fighting a turf war over crypto market regulation for years. It has only intensified under the Biden administration, where SEC Chairrecently confirmed successor Rostin Behnam
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