CFTC
The finalisation of the FSB’s global recommendations should act as a trigger to finally unlock the US crypto regulation gridlock
The multiplicity of stakeholders on the regulatory side makes it difficult for market participants to comply
In the absence of a clear framework, regulators are ramping up enforcement actions, creating an unpredictable environment for crypto firms
Proposed changes to the Investment Advisers Act have been based on the premise that most crypto assets qualify as securities
Opponents disagree on the pros and cons of retail trading, and whether sufficient safeguards are in place
Collusion between FTX and agency staff has affected their chances to take the lead on digital asset regulation
Amid a divided Congress, market participants expect stablecoins to be the first type of digital asset to be regulated
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