Sam Bankman-Fried backs bill to transfer crypto market oversight to CFTC

Sam Bankman-Fried backs bill to transfer crypto market oversight to CFTC

Sam Bankman-Fried supported bill to transfer oversight of the crypto market to the CFTC

FTX CEO Sam Bankman-Fried praised the bill introduced in the US Congress to empower the Derivatives Exchange Commission to regulate the cryptocurrency market Trade (CFTC).

https: //twitter.com/SenStabenow/status/1554824161633210370?ref_src=twsrc%5Etfw

The initiative was supported by the head of the CFTC, Rostin Benam.

https://twitter .com/CodyCarboneDC/status/1554854832288284674?ref_src=twsrc%5Etfw

Stablenau and Boozman expect the Digital Consumer Protection Act to pass in 2022.

Recall that in July, the head of the SEC, Gary Gensler, declared ill about developing ways to register digital assets as securities.

In May, an official said that most cryptocurrencies fall under the jurisdiction of his department.

Earlier, the CFTC announced the creation of the Office of Technology Innovation, which will deal with regulation of the industry.

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