Blog: Treasury will warn White House that cryptocurrency needs regulation – The Washington Post

“Many crypto industry practices are simply illegal in the securities markets, so avoiding the SEC’s rules is essential to the crypto industry’s bottom lines,” he said. “If the report recommends giving the CFTC new authority over spot trading in digital assets, as many expect, we don’t expect see public celebrations, but there would still be a huge sighs of relief from K Street to Silicon Valley to China.”

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