QUORUMCALL//GPT:
SENATORS ON THE CRYPTO CASE
Senators Elizabeth Warren and Chuck Grassley are pressing the Commodity Futures Trading Commission (CFTC) to explain its past communications with FTX, a major cryptocurrency exchange.
BEHIND THE LETTER
– The Senators sent a letter to the CFTC requesting a briefing on its dealings with FTX, including any information on the crypto exchange’s regulation or enforcement.
– The letter also requested a list of all meetings and communications between the CFTC and FTX, as well as any documents related to these interactions.
SENATORS’ CONCERNS
– Warren and Grassley expressed concerns about potential conflicts of interest, given that FTX’s legal counsel once served as CFTC Chairman.
– They also questioned the CFTC’s capacity to regulate complex crypto markets, given its limited resources.
TOPICS COVERED
#Cryptocurrency #Regulation #CFTC
NOTE
This article is from International Business Times, a digital global news publication that covers business, technology, politics and culture.
