CFTC plans to tighten controls on retail crypto investors
Commissioner for the U.S. Commodity Futures Trading Commission (CFTC) Caroline Pham has proposed the creation of a unit to oversee investments in cryptocurrencies by individuals. According to Caroline Pham, the “Retail Legal Department” will be able to implement and expand the Commission’s aspirations for greater oversight of the cryptocurrency markets. Areas of the financial system that are beyond the control of supervisory authorities, such as the “shadow” crypto industry, also need to be regulated. Pham…
