Potential Conflicts between CFTC and SEC in KuCoin Charges
Friday, 29 March 2024, 16:06
Conflicting Agencies: Regulatory Oversight Concerns
The CFTC's Caroline Pham expressed concerns about the potential infringement on the SEC's authority in charges filed against crypto exchange KuCoin. This highlights a regulatory overlap between the two agencies that raises questions about clear delineation of responsibilities.
Call for Collaboration:
- Commissioner Pham emphasized the need for clear guidelines to avoid conflicting actions in the financial market.
This situation underlines the importance of establishing harmonious coordination among regulatory bodies to ensure effective oversight and stability in the cryptocurrency sector.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.