Caroline Fam, as the agency’s head, Caroline Fam, says the Trump administration’s position is the most relaxed position towards Chefro does not mean that the future trading committee of the commodity will give the industry an easy trip.
“There is no easy street for anyone, and the organizers are not easy,” Fam He said Yahoo financing at the annual summit Coinbase on Thursday.
“Just because we are in support of separation and the supporting growth for you does not mean that you will be able to avoid breaking the law.”
She added: “This is the place where I talk about the law not to criminalize the category of assets or technology, but I am talking about lying, fraud and theft.”
FAM said she was glad that CFTC managed to “end the implementation” decisively against Crypto and be able to re -focus attention on “hunting fraudsters and fraudsters in our markets.”
Override the law
VAM said that the Biden administration “really exceeded what the law says and what the basic system is saying” to encryption, adding that its approach is also harmful to traditional derivatives and Forex markets.
“When we start changing the rules […] Global Derivatives Markets because we are trying to be creative and “bend” to continue what we consider bad or evil – encryption or Blockchain – and it really breaks the fabric of our global markets. ”
Uberizing
Yahoo Finance Brian Susie’s CEO has asked to explain her previous comment on “Uberizing Crypto”, which means changing an industry through a new service, such as how to disable an Uber ride sharing application.
Fam explained that this means that making digital origins are widely adopted and integrated into people’s daily lives so that their ban or criminalization becomes political, similar to how Uber is now being established so that it cannot be closed decisively.
“When there is something big, very acceptable, part of our lives, you cannot really take it after that. The audience, the people, the voters, will not allow you,” said Fam.
Introducing the clarity of encryption
FAM’s comments came in the same week that the draft law of the encryption market, the law of clarity, was issued, the Financial Services Committee’s vote on the House of Representatives on Tuesday.
Related to: The president of the CFTC will not pay the president to the two parties committee
If approved, the draft law explains any regulator, the Securities and Stock Exchange Committee, or CFTC, will supervise the encryption, with the expectation that more authority will be delivered to the latter.
FAM said she intends to move “to the private sector” to make way for Crypto A16z policy, Brian Quintz, who will take the leadership waiting for the Senate vote.
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