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U.S. Representative Soto: Most Cryptos Need CFTC's Light Touch, Not SEC Oversight
2019-01-11 10:00

United States congressman Darren Soto has said that most cryptocurrencies should not be regulated under the country’s securities regulator. Soto made his comments in an interview with financial news channel Cheddar on January 10. According to Soto, crypto should be overseen by the Commodities and Futures Trading Commission (CFTC) and Federal Trade Commission (FTC) — rather than classed as securities under the Securities and Exchange Commission (SEC)’s charge. (Cointelegraph)

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