Written by 3:41 pm Cryptocurrency

Senators Raise Concerns Over Cryptocurrency After FTX Bankruptcy

“In light of these developments, we are taking a top-down look to ensure it establishes the necessary safeguards the digital commodities market desperately needs.

“Chairwoman Stabenow and I remain committed to advancing a final version of the DCCPA that creates a regulatory framework that allows for international cooperation and gives consumers greater confidence that their investments are safe.

“While our legislative work continues, the Commodities and Futures Trading Commission already has the ability to regulate and prosecute fraud, manipulation and abuse. I strongly encourage them to actively exercise those authorities when necessary,” Boozman said.

-Associated Press: Funds vanish at bankrupt crypto exchange FTX; probe underway https://apnews.com/…

-Explainer: What’s happening at bankrupt crypto exchange FTX? https://apnews.com/…

-S.4760 — Digital Commodities Consumer Protection Act of 2022 https://www.congress.gov/…

CFTC Ag Advisory Committee to Meet in December

The Commodity Futures Trading Commission Agricultural Advisory Committee (AAC) will hold an in-person public meeting on Wednesday, December 7 from 9 a.m. to 12:45 p.m. (ET) at the CFTC headquarters in Washington.

CFTC Chairman Rostin Behnam noted in a media advisory that this will mark the first AAC meeting with these members under his sponsorship.

At the meeting, the AAC will focus on topics related to the agricultural economy, including geopolitical and sustainability issues, as well as recent developments in the agricultural derivatives markets. The AAC will also address procedural matters, including topics of discussion on a forward-looking basis.

Seating for the public may be limited due to the Centers for Disease Control’s COVID-19 Community Level, but the meeting will also be webcast.

-Commodity Futures Trading Commission — The Agricultural Advisory Committee to Meet on December 7 https://www.cftc.gov/…

Jerry Hagstrom can be reached at jhagstrom@nationaljournal.com

Follow him on Twitter @hagstromreport

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