Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam is eager for his agency to shed its reputation as the friendlier regulator for the crypto industry.
Speaking at a panel discussion hosted by law firm Lowenstein Sandler in New York on Monday, Behnam said he gets “very irritated when folks start to talk about the CFTC as a more favorable regulator,” adding that his agency’s “greatest accomplishment” was its track record of crypto-related enforcement actions.
Many in the crypto industry have long perceived the CFTC as more crypto-friendly – or, at least, more open to innovation – than its sister agency, the U.S. Securities and Exchange Commission (SEC), which has often been accused of regulating via enforcement under the leadership of Chairman Gary Gensler. However, that perception has recently begun to wane as the CFTC has ramped up its crypto-related enforcement actions.
‘Enforcement 40’ for 2020
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