TechFlow news, according to Crowdfund Insider, CFTC Commissioner Caroline Pham said the recent charges brought by the U.S. Commodity Futures Trading Commission (CFTC) against KuCoin could interfere with its collaborating agencies.
The CFTC and the U.S. Department of Justice accused KuCoin on March 26, 2024, of operating a cryptocurrency derivatives platform without proper authorization.
Caroline Pham stated that the CFTC's approach might encroach upon the SEC's authority and undermine decades of strong investor protection laws, as it conflates a financial instrument with a financial activity, thereby eroding the foundation of securities markets.
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