“Out of the best copper copper in the agency” is not a great position “for encryption systems,” says Christie Goldsmith Romero, a delegate of the Futures Trading Committee for the outgoing American commodity.
CFTC can only head a single commissioner once he leaves the other four later this year, which is Goldsmith Romero He said In an interview on May 27 at the Brookings Institute, it will make the creation of regulations more difficult because it leaves a lesser variety of opinions.
She said: “I think it is not a great position if you have one person who determines what the rules should be. You lose the benefit of this back, and this payment and pressure on what is the right thing to do.”
“I have always wanted to hear from my fellow commissioners about what is logical to them, and there are many things they convinced me and many things that I convinced them, so I think it is harmful to the organization.”
The last day of Goldsmith Romero will be May 31, leaving the chief Christine Johnson as the only democratic of CFTC, who also announced plans to leave the agency before 2026.
On May 30, Republican Commissioner Samar Mersenger is leaving to join the Bloccin Association as the CFTC CEFC, Caroline Fam, on May 15, that it plans to move to “to the private sector” if Brian Quintns, head of the agency, is confirmed.
If Quintenz is confirmed, and PAM follows when leaving, it will leave it only responsible for the agency. Five Commissioners are supposed to form CFTC, and it can not be more than three of the same political party.
Goldsmith Romero said that during her term, all commissioners had different views and experiences, when they gathered, were “really useful”.
“So, what happens if CFTC reaches one and gets a new encryption salad? It will be really difficult; you will not have the same batch and withdrawal.”
The Trump administration put forward the idea of handing over the encryption regulations to CFTC in the past. The Republic of Congress has also drafted draft laws to grant CFTC greater supervision of the industry,
The definition of the retail customer must be the priority of CFTC
In the future, Goldsmith Romero believes that CFTC should determine the retail customer to ensure the flow of new investments in “Crypto and some other products” for the similar retail protection system to the Securities and Exchange Commission.
Related to: Mirnger says from CFTC from CFTC:
She said: “I came from the Securities and Stock Exchange with the investor protection system, you want people to know their rights and risks if they risk and lose that.”
“But you want to have some basic things like recorded exchanges that have some basic requirements and you should follow the law, and this, I think, is the main thing that should happen.”
Goldsmith Romero said that “very basic” rules can include a ban against the participation of the company’s assets with customer boxes, brokers, exchanges, and houses required to register for SEC, CFTC or in some cases, both.
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