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CFTC Commissioner Says Agency Doesn’t Have Enforcement Resources Without Congress
Summary: Dan Berkovitz, one of three commissioners currently serving at the U.S. Commodity Futures Trading Commission. Speaking at the Managed Funds Association Digital Assets Conference on Tuesday, Berkovitz said the Commodity Futures Trading Commission, or CFTC, enforcement actions in the crypto space have been “aggressive”. Though he said the agency had the “capability and the expertise” ...
Dan Berkovitz, one of three commissioners currently serving at the U.S. Commodity Futures Trading Commission. Speaking at the Managed Funds Association Digital Assets Conference on Tuesday, Berkovitz said the Commodity Futures Trading Commission, or CFTC, enforcement actions in the crypto space have been “aggressive”. Though he said the agency had the “capability and the expertise” to further regulate crypto assets, it was currently unable to do so due to a “resource issue.”
“If congress were to determine that our jurisdiction should be expanded to somehow regulate the cash market, we would really need additional resources to do that,” said Berkovitz.
By Amy Liu
Tags: CFTC,Congress,Crypto
Link: CFTC Commissioner Says Agency Doesn’t Have Enforcement Resources Without Congress [Copy]
