BREAKING ๐จ
CFTC Chair Michael Selig says the prior administration left crypto firms trapped in a registration โRoach Motelโ ๐ฅ.
The analogy points to firms being unable to exit once registered. Regulators fear the void of rules could hamper innovation. Selig urged swift rulemaking to restore clarity. The CFTC aims to publish detailed proposals in weeks ๐.
Stakeholders await the forthcoming guidance ๐.
$S, $MAGIC, $S
CFTC Chair Michael Selig says the prior administration left crypto firms trapped in a registration โRoach Motelโ ๐ฅ.
The analogy points to firms being unable to exit once registered. Regulators fear the void of rules could hamper innovation. Selig urged swift rulemaking to restore clarity. The CFTC aims to publish detailed proposals in weeks ๐.
Stakeholders await the forthcoming guidance ๐.
$S, $MAGIC, $S