It is of course a bit odd for one of the most successful entrepreneurs in crypto, an industry known for pushing legal boundaries, to ask for government regulation, but two things seem to be going on: The first is that Bankman-Fried—and others in the industry—are worried less about the prospect of being regulated than about how they’re regulated, and would very much like to avoid being in the crosshairs of Securities and Exchange Commission Chair Gary Gensler. The second is that, in choosing the CFTC over the SEC, Bankman-Fried and others like him are picking the more pliable of the two agencies.
‘Enforcement 40’ for 2020
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