TechFlow reports that Timothy Massad, former chair of the U.S. CFTC, proposed establishing a self-regulatory organization (SRO) as a solution to cryptocurrency regulation, aiming to bypass the entire debate over "enforcement oversight" and "registration." This SRO would operate under the supervision of both the SEC and CFTC, setting common investor protection standards for crypto intermediaries and digital assets traded on their platforms.
Massad added that he is not concerned about other jurisdictions overtaking the United States, noting that implementing new regulatory frameworks like the EU's Markets in Crypto-Assets (MiCA) will prove more complex than many anticipate.
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