US Representative Soto: Most Cryptos Need CFTC's Light Touch, Not SEC Oversight
Cointelegraph
Published Jan 10, 2019 08:05PM ET
Updated Jan 10, 2019 09:01PM ET
US Representative Soto: Most Cryptos Need CFTC's Light Touch, Not SEC Oversight
United States congressman Darren Soto has said that most cryptocurrencies should not be regulated under the country’s securities regulator. Soto made his comments in an interview with financial news channel Cheddar on Jan. 10.
According to Soto, crypto should be overseen by the Commodities and Futures Trading Commission (CFTC) and Federal Trade Commission (FTC) — rather than classed as securities under the Securities and Exchange Commission (SEC)’s charge.
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Written By: Cointelegraph
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