Coinbase Proposes US Create New Regulator to Oversee Crypto

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Despite Gensler’s assurances, the notion of crypto regulation within the U.S. has been that it’s disjointed, with no single federal regulator assigned to the general business. The SEC oversees securities and has spent years submitting enforcement actions in opposition to preliminary coin providing tokens and crypto startups accused of violating federal securities legal guidelines, whereas its counterpart, the Commodity Futures Trading Commission (CFTC), oversees crypto futures markets and sure illicit actions like market manipulation.