“There is a regulatory gap that really limits our ability,” Johnson said, and thus Congress needs to act to clear the fog on crypto regulation. FTX being on the verge of collapse gives Congress plenty of reasons to act, and is a prime example of “never letting a good crisis go to waste,” she said.
Had the CFTC regulated FTX, Johnson added, its outcome might’ve likely looked different.
“If FTX had been a regulated entity under our regulatory umbrella, customer bonds would’ve been protected, there would’ve been liquidity reserve requirements in place [and] there would’ve been monitoring and surveillance that is not immediately available,” she pointed out.
‘Enforcement 40’ for 2020
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