U.S. Commodities Agency May Change Risk Rules to Consider Crypto

The U.S. Commodity Futures Trading Commission (CFTC) has proposed an overhaul of its rules for risk management, and Commission Christy Goldsmith Romero said the changes should insist firms prepare themselves for crypto volatility and the risks from holding customers’ digital assets.

• 2023-06-02
• Christy Goldsmith Romero risk management digital assets CFTC Goldsmith Romero

No way to police all cryptocurrency fraud, CFTC commissioner says

A top U.S. regulator said on Tuesday there is no way to police all cryptocurrency fraud because there is so much, though her agency is working on several big cases. Christy Goldsmith Romero, one of five commissioners at the Commodity Futures Trading Commission (CFTC), said cryptocurrency cases account for about 20% of the agency's portfolio, including recent civil cases against the exchanges Binance and FTX. "There's just a lot of fraud in the space," Goldsmith Romero said at a white collar cr

• 2023-05-24
• Christy Goldsmith Romero Goldsmith Romero Commodity Futures Trading Commission CFTC Changpeng Zhao New York City Bar Association cryptocurrency police