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The U.S. Commodity Futures Trading Commission's $41 million enforcement action against Tether shows the agency carving out its jurisdiction in the federal government's evolving regulatory regime for cryptocurrencies and alerting other stablecoin issuers that the CFTC considers the digital assets to be within its anti-fraud jurisdiction, experts say.
Latest job changes across the industry
The U.S. Commodity Futures Trading Commission's Dawn Stump knows the federal derivatives regulator is always operating in a state of transition. But the agency will soon be down to just two commissioners, and Stump has some concerns.
The influence of the efficacy and innovation of decentralized technology will extend well beyond the financial sectors.
For most of the 13-year life of cryptocurrencies, exchanges were the epicentre for cyberheists. Now, a bigger hacking risk in the growing sector has exploded into view: peer-to-peer crypto platforms.