The CFTC’s Summer Mersinger advocates for structured crypto regulations, urging the industry to engage with the incoming US administration.
The United States Commodity Futures Trading Commission (CFTC) has played a key role in implementing the “regulation by enforcement” strategy alongside the Securities and Exchange Commission under the outgoing administration of President Joe Biden, as evidenced by recent charges against Uniswap Labs.
Speaking at the North American Blockchain Summit on Nov. 21, CFTC Commissioner Summer Mersinger discussed the need for standard crypto-related policies through notice and comment regulation.
Marsinger explained how recent litigation against a decentralized autonomous organization (DAO) previously required the CFTC to involve a court verdict for entity classification. In this case, the CFTC wanted to classify the DAO as a corporation or association:
