CFTC Commissioner Calls for Accelerating Cryptocurrency Policy Reform

ChainCatcher news, Cointelegraph reports that Summer Mersinger, a commissioner of the U.S. Commodity Futures Trading Commission (CFTC), spoke at the North American Blockchain Summit, calling for the establishment of standard policies for cryptocurrencies through formal notice and comment procedures. Mersinger stated that the current "enforcement-style regulation" strategy taken by regulators towards the cryptocurrency industry is problematic, specifically mentioning the case of Uniswap Labs. She emphasized that the CFTC is the "ideal regulatory body for the cryptocurrency spot market," as it can implement significant legislative changes quickly without disrupting the market.

Mersinger pointed out that while cryptocurrency entities (including decentralized finance, DeFi) are often categorized under existing classifications and required to comply with the same laws, there is currently no formal registration pathway. She suggested that the cryptocurrency industry should begin outreach immediately after the new government leadership is determined to facilitate early dialogue. Notably, the relatively small settlement amount recently reached by the CFTC with Uniswap reflects a subtle shift in regulatory attitudes.