SEC has no authority over crypto, CFTC commissioner argues

Cointelegraph

Published Aug 05, 2021 04:33AM ET

Updated Aug 05, 2021 06:40AM ET

Amid the United States Securities and Exchange Commission’s expanding the scope of oversight of the cryptocurrency industry, a commissioner with the Commodity Futures Trading Commission argued that crypto regulation doesn’t fall under the SEC’s jurisdiction.

CFTC commissioner Brian Quintenz took to Twitter on Wednesday to declare that cryptocurrencies like Bitcoin (BTC) should be regulated by the CFTC rather than the SEC.

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