The agency’s acting chairman, Caroline Fam, says that the more comfortable attitude of the Trump administration does not mean that the commodity futures will give the trading commission an easy ride to the trading commission.
“There is no easy road for anyone, and regulators are not easy” told Yahoo Finance at the Coinbase Annual Summit on Thursday.
“Just because we are anti-pro-and pro-goth does not mean that you are going to be able to break the law.”
“And this is where I am not rotating the law to criminalize an asset class or a technique, but I am talking about lying, cheating and stealing,” he said.
The form said that she was happy that the CFTC is able to focus on “enforcement by enforcement” and “capable of focusing on catching fraudsters and scammers and capturing scammers” against “enforcement by enforcement”.
Going beyond the law
The form said that the Biden administration “actually says the law, what the law says and what it says” On Crypto, its approach also damaged traditional derivatives and foreign exchange markets.
“When we begin to change the rules for global derivative markets (…) because we are trying to be creative and after ‘Flex it’ we consider bad or evil – crypto or blockchain – which is actually breaking the clothes of our global markets.”
Uberizing Crypto
Yahoo Finance Executive Editor Brian Sozi asked the form about his previous comment about “Uberizing” to Crypto, which means to change an industry through a new service, such as how the ride-sharing app Uber disrupted the taxi.
The form explained that this means that digital assets were widely adopted and integrated into people’s daily lives that it becomes politically impossible to ban or criminalize them, similarly Uber is still established to be decisively closed.
“When something becomes so big, so is accepted, part of our life, you can’t really take it away. The public, people, voters, they will not let you happen,” said the pom.
Crypto clarity bill advance
Fam’s comments came in the same week when the Crypto Market Structure Bill, The Clarity Act, voted for the House Financial Services Committee on Tuesday.
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If approved, the bill will clarify which regulator, securities and exchange commission or CFTC will look after Crypto, in which more rights are expected to be handed over later.
The form said that he planned to move “to the private sector” to make way for the A16Z Crypto Policy Head Brian Quintage, which would take a Senate vote pending hull.
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