Regulation· ★★★★· neutral·

SEC and CFTC lack quorum: a single commissioner could decide crypto rules

  • —SEC has two of five commissioners; CFTC has one of five
  • —Modified quorum rule took effect on October 2
  • —SEC proposed a safe harbor for tokens from securities classification
  • —CFTC said it will use existing authority to organize crypto exchange market
Why it matters: Power concentrated in one commissioner could speed up US crypto rulemaking, but also makes regulation vulnerable to abrupt reversals.
Source: Bithub
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