US crypto-asset regulation needs strengthening – Massad

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Greater regulation is needed to fix fraud and weak investor protection in the distribution and trading of crypto assets in the US, says Timothy Massad, former chairman of the Commodity Futures Trading Commission (CFTC).

In a working paper, Massad argues that while the Securities and Exchange Commission (SEC) and the CFTC both have some authority over crypto assets, “neither has sufficient jurisdiction, nor do they together.”

He warns that because crypto-asset exchanges are not subject to the

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