U.S. Senator Opposes Granting CFTC Too Much Crypto Regulatory Power

BlockBeats News, January 30, local time on Thursday, at a meeting between the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) to discuss regulatory coordination issues in the crypto space, Senator Amy Klobuchar warned that without establishing a full committee, CFTC's authority should not be expanded. "We cannot grant such broad new powers to the U.S. Commodity Futures Trading Commission, which has only one member."