CFTC Advisor Chris Perkins said the current regulatory situations are making the U.S. lose the crypto race.
Perkins released a regulatory white paper suggesting principle-based regulations.
Advisor to the Commodities and Futures Trade Commission (CFTC) and president of crypto-focused VC CoinFund, Chris Perkins, released a regulatory white paper. With its current regulatory scenario, Perkins believes that the U.S. needs to catch up in the crypto race. After the FTX-saga, these federal regulatory institutions are under renewed pressure to clarify regulations that govern cryptocurrency.
The United States and Its Ambiguity Regarding Crypto
The U.S. Securities and Exchange Commission (SEC) and CFTC are the two bodies expected to develop crypto regulations. The long running SEC v Ripple case and other cases of enforcement where the enforcement agency accused platforms or issuers of unlawfully trading in securities create a scenario of ambiguity among crypto companies and investors regard
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