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Crypto Needs More Scrutiny by Wall Street Derivatives Cop, Lawmakers Say

  • Bipartisan group says CFTC should do more to police tokens
  • Letter comes as U.S. regulators tussle over jurisdiction
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FTX CEO: Expect First Batch of Crypto Regulation This Year
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A key group of bipartisan lawmakers is calling on Wall Street’s top derivatives regulator to do more to rein in cryptocurrencies, which may be welcomed news for industry executives who prefer the agency to have a bigger role. 

In a letter to the chairman of the Commodity Futures Trading Commission, the top Democrats and Republicans on the Senate and House Agriculture Committees say the watchdog has a “critical role to play“ in regulating digital assets.