CFTC Commissioner Dawn Stump’s Crusade To Clarify Crypto Regulations In 2021

CFTC Commissioner Dawn Stump’s Crusade To Clarify Crypto Regulations In 2021

Share to Linkedin (Part One) Commissioner Dawn Stump of the Commodity Futures Trading Commission (CFTC) lays out what exactly it means that Bitcoin is a commodity - and what she has publicly described as the 'fallacy' of the question as to whether other blockchain tokens are a commodity or a security. According to Stump, "there has often been a grossly inaccurate oversimplification offered which suggests these are either securities regulated by the Securities and Exchange Commission, or commodities regulated by the Commodity Futures Trading Commission." Stump has been on a campaign to set the record straight by issuing "concurring statements" whenever an enforcement action against digital assets is announced by the CFTC. Stump does not dispute the wrongdoing that occurred, but rather seeks to help the public better understand the true regulatory perimeter of the agency around digital assets. Stump publicly released 10 concise points in an attempt to correct what she views as misperceptions and guide policymakers toward what really matters when it comes to digital asset regulation. "The prevalence of this misunderstanding about U. S. regulatory delineations has grown to a point that I believe requires correction," said Stump. In addition, Stump has been issuing concurring statements to