SEC Chairman: Supports Congress granting CFTC the authority to regulate certain token spot markets
ChainCatcher news, according to The Block, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler stated that he supports Congress granting the U.S. Commodity Futures Trading Commission (CFTC) the authority to regulate certain spot tokens. The CFTC should have greater power, as it currently lacks a direct regulatory channel for underlying non-security tokens. (source link)
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