Former Commodity Futures Trading Commission chair Chris Giancarlo says the current US regulatory framework is 'not fit for purpose' when it comes to
Former Commodity Futures Trading Commission chair Chris Giancarlo says the current US regulatory framework is"not fit for purpose" when it comes to crypto.
When asked how they'd grade the US regulatory structure for crypto on a scale of 1 to 10, Giancarlo said he'd give the country a zero. Wetjen, for his part, graded the US a"four to five," given the flexibility in those 90-year-old regulations. To close the gap, he said there are some barriers in current regulations, but more importantly, there needs to be a more active embrace of the crypto industry from people at the top.
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