‘I Don’t Believe in Any Kind of “Gotcha” Regulation,’ CFTC Commissioner Says on SEC Insider Trading Case

Commodity Futures Trading Commission (CFTC) member Caroline D. Pham told CoinDesk TV Wednesday her agency should have had “a seat at the table” before the Securities and Exchange Commission brought insider trading allegations against a former manager at crypto exchange Coinbase (COIN).

Pham, who was sworn in as a commissioner in April, said the CFTC also has insider trading enforcement authority.

“I believe that anything that might impact or implicate the CFTC’s jurisdiction, it’s our job to go in there to enforce the law, and to make sure that we’re prosecuting wrongdoing,” Pham said on CoinDesk TV’s “First Mover” show. “If the CFTC is involved in some way, I think we have to have a seat at the table; or if our jurisdiction [is] involved, we have to have a seat at the table.”

Source: ‘I Don’t Believe in Any Kind of “Gotcha” Regulation,’ CFTC Commissioner Says on SEC Insider Trading Case