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Crypto Echoes Risks of 2008 Financial Crisis, Says US CFTC Commissioner


Though the crypto industry is a sliver of the overall U.S. financial system, the “growing interest by traditional finance” firms should put regulators on notice of dangerous risks to come, said Christy Goldsmith Romero, a commissioner with the U.S. Commodity Futures Trading Commission

EU Commissioner Urges US Lawmakers to Establish New Crypto Rules


Mairead McGuinness, the European Commission’s commissioner for financial services, warned about the dangers that digital assets could pose to financial stability and called for US politicians to draw up new rules to govern the crypto industry.... Read More: EU Commissioner Urges US Lawmakers...

CFTC Commissioner to Pitch Retail Investor Definition to Get Set for Crypto


The Commodity Futures Trading Commission (CFTC) needs to redefine how it sets rules for retail investors now that the agency seems likely to take on oversight of spot crypto trading, said Commissioner Christy Goldsmith Romero. She intends to propose a new retail investor definition, she said Friday...

US Court Authorizes IRS to Issue Summons for Crypto Investors’ Records


The Internal Revenue Service (IRS) has obtained a “court order authorizing summons for records relating to U.S. taxpayers who failed to report and pay taxes on cryptocurrency transactions.” The IRS commissioner commented: “The government’s ability to obtain third-party...

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