CFTC Wants Industry Standard Regulation for Crypto

The transcript discusses the need for public inquiry into the crypto crash, efforts to establish global standards, and concerns about industry disputes. It highlights the importance of regulatory frameworks for crypto and the utilization of existing regulatory authorities to provide clarity and guidance.

What was one of the key initiatives introduced to address the risks in the digital asset markets?

• Establishment of a new cryptocurrency

• Creation of the 10 fundamentals for responsible digital asset markets

• A ban on all crypto transactions

• Introduction of a new blockchain technology

What is a major concern in the current crypto industry according to the speaker?

• Excessive regulation

• Disputes among major industry players

• Lack of new cryptocurrencies

• Decline in blockchain technology

What does the speaker suggest should be done with crypto financial instruments?

• They should be banned

• They should be deregulated

• They should be held to the same standards as other financial instruments

• They should be ignored

What is the speaker's hope for the regulatory environment in the United States?

• To eliminate all regulations

• To see more clarity through the President's executive order

• To maintain the status quo

• To focus solely on international standards

What is the speaker's approach to creating industry standards and best practices?

• Waiting for international consensus

• Building upon the 10 fundamentals for responsible digital asset markets

• Ignoring existing frameworks

• Focusing only on U.S. regulations