CFTC commissioner discourages enforcement actions without regulations
ambcrypto.comCryptocurrencies are being celebrated by investors but the lack of regulations has put them in a fix. In the United States, there have been actions taken against crypto businesses for lack of compliance. This has given way to the most important question – What are the laws concerning crypto?
The lack of clarity of the law was not just common among investors and businesses, authorities too had no definite answer. In this context, Commissioner Dawn Stump of the Commodity Futures Trading Commission [CFTC] shed light on this confusion. She further noted that regulators must issue clear guidance on how crypto rules will be enforced before punishing firms.
Stump has been speaking up and setting the record straight by issuing “concurrent statements”
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