Christy Romero, commissioner of the U.S. Commodity Futures Trading Commission (CFTC), stated that the unregulated token listing of cryptocurrency exchanges should be prevented.
Romero January 18 on at the University of Pennsylvania In his speech, he said the CFTC’s current audit process is to ensure the security of new listed tokens. not enough told. Exchanges’ self-verification blocking In addition to these, the commissioner who argues that there should be your supervisors and your legal representatives by doing their part taxpayer stressed that.
Taking measures against regulatory gaps critical a importance Stating that he has an asset, Romero said that the CFTC has not specifically listed an asset in the current process. 24 hours if the exchange does not object to its security first. by himself the security of the relevant asset attestation pointing out that the current process is quite insufficient noted that.
In the event that adequate measures are not taken, the actors will US Securities and Exchange Commission (SEC) CFTC to avoid exposure to regulations that you can use He also added it to his statements on the subject.
On the other hand, Romero, who also expressed various opinions about the FTX bankruptcy, said that the bankruptcy of FTX arrangement from the lack not originating because FTX is already operating outside the regulations stated that he was doing it. Romero’s statements were voiced by many crypto actors in the early days of the FTX bankruptcy. Commissioner, working in the private sector in the cryptocurrency space as well as regulators auditor, lawyer company, which includes actors such as their shortcomings and their corruption follow them and to object expressed the need.
Clearly, client funds abuse Giving an example from the FTX case, which turned out to be a case, Romero stated that in this case, the ongoing transfers of the supervisors within the company. serious somehow should question suggested. Commissioner Legal representative for the cryptocurrency industry not lack of and former federal government attorneys He also stated that he is active in the crypto money sector.
Romero trusts cryptocurrency exchanges in any public domain again crypto industry legislation if they want to establish without waiting own their security and their credibility He said they should start building it. The Commissioner also provides for the supervision of spot markets of digital commodities. independent a audit firm also the establishment that you support explained.