Timothy Massad, former Chairman of the Commodity Futures Trading Commission (CFTC), stated that the Securities and Exchange Commission (SEC) and the CFTC can fill the legal gap in the crypto market by creating an internal audit agency (SRO).
Massad as a Research Fellow at Harvard University August 22 In a statement to CoinDesk Tv on , he stated that cryptocurrencies in their current form are not within the scope of the regulation of any institution.
massad, of the SEC stocks and bonds the CFTC’s role in overseeing the securities market, including commodity futures such as agriculture, metals and energy minerals He said he was checking. In this context, the CFTC, some exchanges such as CME, Bitcoin (BTC) and Ethereum (ETH) active futures markets He explained that he had a role in crypto for a period due to his ownership. On the other hand, the SEC does not allow certain cryptocurrencies to be marketed to the public. looks like a stock claimed its own domain. However, the cash trading markets of exchanges such as Coinbase, Kraken, and Binance which institution is covered by the audit about entering no consensus reached.
Massad is the solution to these problems as in traditional markets. CFTC and SEC get together and SRO He said he was going through the creation. In addition, the digital assets offered by SRO money or securities a bill that could settle the debate about whether that you can prepare also expressed.