Oddbean new post about login | logout CFTC Commissioner Summer Mersinger on Overzealous Crypto Regulation and the Need for Legislative Action. The commodities regulator has been clear about the dangers of regulating a burgeoning industry through enforcement actions. https://www.coindesk.com/resizer/ic0bU9QfyELQdSMPMbZP5PT1j6Q=/1056x594/filters:quality(80):format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/YWFREDUGHFG6LDA7ST5RM4P2W4.jpg
CoinDesk caught up with Mersinger to discuss the Cain and Abel rivalry between the CFTC and U.S. Securities and Exchange Commission (SEC), how her agency decides which enforcement actions to pursue and her views on a variety of issues, including the CME possibly getting into the spot bitcoin market, the emerging world of betting markets and Washington D.C. traffic.
Mersinger has also highlighted the need for cooperation and coordination among regulatory agencies. She has called for Congress to order the Securities and Exchange Commission (SEC) to cooperate with the CFTC when drafting crypto legislation, as the agencies are unlikely to agree if they draft legislation independently
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