NEW YORK : A top U.S. regulator said on Tuesday there is no way to police all cryptocurrency fraud because there is so much, though her agency is working on several big cases.Christy Goldsmith Romero, one of five commissioners at the Commodity Futures Trading Commission (CFTC), said cryptocurrency cases a
NEW YORK : A top U.S. regulator said on Tuesday there is no way to police all cryptocurrency fraud because there is so much, though her agency is working on several big cases.
"There's just a lot of fraud in the space," Goldsmith Romero said at a white collar crime conference at the New York City Bar Association."There's just no way we can police all the fraud, but we've got to do something." Goldsmith Romero pushed back on the idea there was a"turf war" between the CFTC and the Securities and Exchange Commission over regulating crypto, but acknowledged that many of the industry's products are new and the agencies were"still trying to figure it out."
"I don't like the idea that somehow the CFTC is light touch," Goldsmith Romero said."'Light touch regulator' would never be written on my tombstone."
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