CandleFocus Crypto needs ‘to work closely with the regulators:’ Gemini deputy general counsel
2024-09-25
Author: Content Editor
The approval of two crypto exchange-traded products in the US this year is seen as a significant regulatory advancement by industry leaders, although some believe it may have been a forced decision. The industry now needs to continue growing and attracting institutional players by working closely with regulators. This sentiment was echoed by Commodity Futures Trading Commission Commissioners who expressed frustration with the agency's focus on registration and compliance violations rather than targeting true bad actors. They believe that enforcement actions should prioritize cases involving lying, cheating, or stealing.
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