“The basic problem here is that crypto trading platforms and other crypto intermediaries are essentially unregulated,” Timothy Massad said.
December 07, 2023 at 05:50 PM
3 minute read
The original version of this story was published on National Law Journal
The U.S. Securities and Exchange Commission and Commodity Futures Trading Commission should collaborate to create standards to address the crypto industry, former SEC Chairman Jay Clayton and former CFTC Chairman Timothy Massad said on Thursday.
“The basic problem here is that crypto trading platforms and other crypto intermediaries are essentially unregulated,” Massad said at a crypto seminar at Georgetown University’s Psaros Center.
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Commodity Futures Trading Commission and U.S. Securities and Exchange Commission. Photo: Diego M. Radzinschi/ALM
