Crypto regulatory delay threatens US market leadership, CFTC Chairman Michael Selig warns
In this news:
Key takeaways
- CFTC Chairman Michael Selig warns that crypto companies are moving offshore due to regulatory delays.
- Selig highlights that the EU is leading because Congress has failed to pass the CLARITY Act.
- The CFTC intends to use its existing statutory authority to enforce rules and protect investors.
Offshore migration of cryptocurrency companies threatens the United States due to delayed regulatory action, CFTC Chairman Michael Selig warns.
Selig tells host Stuart Varney that foreign jurisdictions like the European Union are leading because Congress failed to pass the CLARITY Act.
The CFTC plans to enforce exchange rules using its existing statutory authority to protect investors.
Share the article:
Latest Crypto News
Top Trending Cryptocurrencies on The Market
Current Price
$113.40
Market Cap
$299.3M -0.94%
24h Volume
$712.1K
Supplies
3.0M / 3.0M
Current Price
$19.756
Market Cap
$295.1M -0.02%
24h Volume
$120.0K
Supplies
19.8M / ∞
Current Price
$0.1209
Market Cap
$289.4M 0.65%
24h Volume
$8.5M
Supplies
10.0B / 10.0B
Current Price
$0.1254
Market Cap
$288.7M -2.76%
24h Volume
$114.1M
Supplies
4.3B / 4.3B
Current Price
$0.05423
Market Cap
$284.9M 0.13%
24h Volume
$8.2M
Supplies
5.2B / ∞
Current Price
$1.035
Market Cap
$284.6M -1.63%
24h Volume
$2.3M
Supplies
1.0B / 1.0B
Current Price
$1.125
Market Cap
$281.0M 3.60%
24h Volume
$3.6M
Supplies
1.0B / 1.0B
Current Price
$0.000003144
Market Cap
$276.8M 3.11%
24h Volume
$23.5M
Supplies
88.0T / 88.0T
Current Price
$0.1799
Market Cap
$269.5M -4.18%
24h Volume
$76.1M
Supplies
1.5B / 1.5B
Current Price
$0.02450
Market Cap
$268.2M 0.25%
24h Volume
$8.0M
Supplies
11.6B / ∞
Current Price
$15.023
Market Cap
$265.2M 3.77%
24h Volume
$1.0M
Supplies
17.6M / 21.0M
Current Price
$0.04080
Market Cap
$262.3M -0.88%
24h Volume
$15.4M
Supplies
6.4B / ∞