CFTC's Johnson on LedgerX Auction, Crypto Contagion

The video discusses the importance of Ledger X in the regulatory framework, highlighting its role in demonstrating effective regulations. It reviews recent crypto market crises, such as the Terra collapse and FTX bankruptcy, emphasizing the need for customer protections and regulatory influence. The discussion extends to the auction of Ledger X and the regulatory challenges faced due to limited statutory authority. The speaker stresses the need for Congressional action to clarify regulatory roles and highlights the importance of international collaboration in setting global standards.

What is the speaker's perspective on the need for Congress to act regarding regulatory authority?

Why is it important for regulators to collaborate with international counterparts?