Policy Director of the Blockchain Association: Neither the US SEC nor the CFTC has the power to fully regulate cryptocurrency
Bi123 News Jake Chervinsky, policy director of the American non-profit organization Blockchain Association, said on social media on Tuesday that neither the U.S. Securities and Exchange Commission nor the Commodity Futures Trading Commission has the authority to fully regulate cryptocurrencies. Chervinsky calls 2022 the worst year in cryptocurrency history as the collapse of Bahamas-based cryptocurrency exchange FTX.com caused huge damage to the industry’s reputation and left skeptics scrambling for regulation .
