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CFTC Chairman: Aside From Global Stablecoin Not Much Systematic Risk
Summary: Heath Tarbert, the CFTC chairman, discussed the role of the CFTC in digital asset regulations, how jurisdiction is split among the CFTC and the SEC, as well as the regulatory dangers in the cryptocurrency industry. During the lecture on financial regulations at Harvard’s Kennedy School Tarbert said that aside from the possibility of a global ...
Heath Tarbert, the CFTC chairman, discussed the role of the CFTC in digital asset regulations, how jurisdiction is split among the CFTC and the SEC, as well as the regulatory dangers in the cryptocurrency industry.
During the lecture on financial regulations at Harvard’s Kennedy School Tarbert said that aside from the possibility of a global stablecoin, systemic risk has not been much of an issue.
On the topic of the CFTC’s role Tarbert stated, “If it’s just a commodity, we don’t necessarily have regulatory authority, but we do have enforcement authority. If you have fraud in a commodities market that was not on a futures exchange, it could nonetheless affect the stability of the futures markets.”
Tarbert also explained that jurisdiction boils down to whether the asset is a security or not. If the asset is a security it in the SEC’s jurisdiction, however, if it is a securities future then the CFTC and SEC have joint jurisdiction.
By Ramsey Baker
Tags: CFTC,Cryptocurrency,Digital Assets,global stablecoin,SEC
Link: CFTC Chairman: Aside From Global Stablecoin Not Much Systematic Risk [Copy]
