Wall Street Derivatives Cop Key Crypto Overseer, Lawmakers Say – Bloomberg Law

Jan. 12, 2022, 6:03 PM

A key group of bipartisan lawmakers is calling on Wall Street’s top derivatives regulator to do more to rein in cryptocurrencies, which may be welcomed news for industry executives who prefer the agency to have a bigger role.

In a letter to the chairman of the Commodity Futures Trading Commission, the top Democrats and Republicans on the Senate and House Agriculture Committees say the watchdog has a “critical role to play“ in regulating digital assets.

“It is imperative that customers are protected from fraud and abuse and that these markets are fair and transparent,” wrote lawmakers including Debbie Stabenow, …