CFTC Focuses on Digital Asset Outreach to Empower Customers

CFTC Focuses on Digital Asset Outreach to Empower Customers

The US Commodity Futures Trading Commission (CFTC) is focusing on growing investor training and outreach as the marketplace for digital belongings grows and faces downturns, said Commissioner Kristin Johnson throughout a latest roundtable dialogue. 

In an occasion organized by CFTC’s Office of Minority and Women Inclusion (OMWI), Johnson additionally said that the fee should enhance investor training and outreach to empower clients. This will even assist in combating illicit exercise and safeguard the integrity and stability of economic markets, she added.

The roundtable was the most recent alternative for policymakers to talk about cryptocurrencies from a viewpoint of economic inclusion. The dialogue additionally concentrated on matters comparable to investor protections for underserved teams and creating laws to higher serve these communities.

Attendees additionally highlighted the regulation, coverage, and innovation within the digital asset house. The roundtable additionally addressed the bipartisan Digital Commodities Consumer Protection Act of 2022 (DCCPA).

If this act will get handed, the laws would mandate a CFTC research on how digital belongings affect numerous communities. 

The CFTC commissioner additionally highlighted a June 1 report by the Federal Reserve Bank of Kansas City that “indicates that historically underserved groups have higher levels of participation in the crypto-investment community than the investment communities for traditional financial products.”

CFTC has maintained excessive requirements of enforcement and academic outreach to defend retail contributors within the crypto house. Earlier this month, CFTC requested Predictlt to shut down its market due to a rule violation.

Compiled by Coinbold

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