The Senate Agriculture Committee invoice – pushed by Behnam’s former boss, panel Chairwoman Debbie Stabenow (D-Mich.) – would give the CFTC an unprecedented potential to cost the crypto trade charges to fund the brand new oversight. The CFTC, with fewer than 700 workers, is tucked right into a humble constructing in northwest Washington, D.C. It’s at all times been a lot smaller than the SEC, which employs greater than 4,500, however these new charges may permit it to construct up significantly.
US CFTC as Crypto’s Regulatory Savior? Crypto Corporations Would possibly Not Like What They Get
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