Coinbase 'Very Supportive' of Giving CFTC Exclusive Jurisdiction Over Bitcoin, Ethereum
Talk of crypto policy in the U.S. tends to revolve around rumblings from the Securities and Exchange Commission and taxes. But there are two bills in Congress that have largely flown under the radar, at least for people outside the policy wonk crowd. They would decisively give the Commodities Futures Trading Commission more power.
The CFTC already shares regulatory oversight of derivative products, like futures, with the SEC. Futures are a type of investment product that allows traders to bet on whether an asset’s price will go up or down at a later date. And they’ve become increasingly popular with crypto investors. In fact, crypto exchanges Crypto.com, Coinbase, and FTX have all been vocal each time they acquired companies with existing CFTC licenses. The distinction between spot and futures trading.
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