Regulating Crypto Not a ‘One-Agency Solution,’ CFTC Commissioner Says

When the day comes, it’s unlikely crypto will be regulated by just one government agency, said Summer K. Mersinger, a commissioner at the Commodity Futures Trading Commission (CFTC).

“It’s not going to be just a one-agency solution,” she said Monday on CoinDesk TV’s “All About Bitcoin” when asked about the regulatory ramifications for crypto from the bankruptcy filings of FTX and BlockFi.

“We probably need to work a little more closely with the [Securities and Exchange Commission],” Mersinger said. That collaboration would likely mean the CFTC would also receive more congressional oversight. The Agriculture committees in the House of Representatives and the Senate already oversee CFTC. The House Financial Services Committee and the Senate Banking Committee oversee the SEC.

Source: Regulating Crypto Not a ‘One-Agency Solution,’ CFTC Commissioner Says