FTX CEO Sam Bankman-Fried believes that the US Securities and Exchange Commission, or SEC, is responsible for regulating tokens that qualify as securities.
And in the meantime, the Commodity Futures Trading Commission (CFTC) will be responsible for regulating tokens with commodity characteristics.
Comments Bankman-Fried It comes from Coinbase’s latest SEC battle, with the agency stating that it has at least 9 cryptocurrencies. Listed by the largest unlisted securities exchange in the US.
Coinbase, meanwhile, claims it doesn’t list the securities. and also ask regulators about the regulatory framework matters “Concrete” for cryptocurrencies and accused the SEC of trying to bring cryptocurrencies All of them come under their own power, even if they are not securities.
in early June Bankman-Friend Says Federal Regulations Are “Good” for Cryptocurrency In an interview with CNBC in January, And he predicts that this year will bring more clarity to the regulations.
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