TechFlow reported, according to The Block, that Commodity Futures Trading Commission (CFTC) commissioners Christy Goldsmith Romero and Kristin Johnson urged the agency to issue rules or guidance addressing conflicts of interest in the cryptocurrency sector and protecting consumers.
Johnson said at the Federal Reserve Bank of Atlanta conference that the bankruptcies of FTX, Celsius, and Voyager highlight the need to safeguard crypto assets through segregation of customer deposits. The CFTC should "immediately establish regulatory oversight regarding asset custody," and regulations governing cryptocurrencies could be introduced in the coming weeks.
Romero also stated that the CFTC should take warnings about cryptocurrencies seriously and collaborate with other regulatory agencies.
