Crypto exchanges simply aren't following the rules, and it isn't a lack of regulation that is the problem with the market, former CFTC chair says

Dec 23 2022 by Business Insider

 
Timothy Massad, former chairman of the Commodity Futures Trading Commission, speaks at the Milken Institute Global Conference in 2016.

Lucy Nicholson/Reuters

A problem with crypto is that many exchanges simply aren't following the rules, according to the former CFTC chief.  Timothy Massad noted that many exchanges weren't registering with the SEC and claiming that tokens were commodities, not securities. That reluctance to follow rules that protect clients is among the biggest risks in the...
Continue Reading Crypto exchanges simply aren't following the rules, and it isn't a lack of regulation that is the problem with the market, former CFTC chair says