TechFlow news — On June 7, Timothy Massad, former chairman of the U.S. Commodity Futures Trading Commission (CFTC), said in a recent interview that the future of cryptocurrency will be shaped by the outcomes of government lawsuits against crypto exchanges such as Binance and Coinbase.
Massad noted that the government and the Securities and Exchange Commission (SEC) must work together to establish a new regulatory framework for the industry, one that protects investors from fraud and manipulation, and ultimately answers the key question: whether digital tokens qualify as securities. Resolving this issue will help advance the development of the cryptocurrency market and ensure its legality and stability.
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