Better Markets says CFTC is ‘wrong agency’ to regulate retail crypto
60-second summary
Better Markets argues the CFTC is the wrong agency to regulate retail crypto, claiming its proposed framework would shift oversight of certain cryptocurrency transactions and exchanges from the SEC to the CFTC, leaving investors with weaker protections. The group warns that reduced regulatory safeguards could increase market risk, potentially dampening retail participation and slowing industry growth.
Better Markets said the CFTC’s proposed framework to bring certain cryptocurrency transactions and exchanges under its oversight will leave investors less protected than under the SEC.