CFTC says SEC not allowed to have all the fun; clearly contemplating enforcement actions against crypto exchanges: http://www.cftc.gov/idc/groups/public/documents/file/labcftc_primercurrencies100417.pdf …
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It's a short Powerpoint deck so read it all, but some of these bullet points should put the fear of God into relevant parties. Examples:
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Black bits are CFTC, red bits are me:pic.twitter.com/OA4Hm1PPU7
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When regulators say "Prohibited Activities" they generally do not mean "Suggestions we feel a certain degree of flexibility about."pic.twitter.com/IYIrT3G7HE
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"We have had multiple meetings with our peers at the SEC. We conceded none of this turf; we will defend it by making prominent examples."pic.twitter.com/ic7GX5o6US
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My amateur-Kremlinology-applied-to-US-regulators is that the SEC is much more advanced in process with regards to their enforcement actions.
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