Former CFTC Chairman proposes the creation of a cryptocurrency self-regulatory organization under the supervision of the SEC and CFTC

ChainCatcher news, former CFTC Chairman Timothy Massad proposed creating a self-regulatory organization (SRO) to avoid the entire debate over "enforcement regulation" and "registration," which would be overseen by the SEC and CFTC, establishing a set of universal investor protection standards for cryptocurrency intermediaries and the digital assets traded on them.

Massad added that he is not concerned about other jurisdictions outpacing the U.S., noting that implementing new laws such as the EU's Markets in Crypto-Assets (MiCA) framework will be more complex than people imagine. (Source link)