Daniel Kuhn is a deputy managing editor for Consensus Magazine. He owns minor amounts of BTC and ETH.
Commissioner Summer Mersinger, of the Commodity Futures Trading Commission , is one of the few U.S. regulators who is routinely willing to defend the crypto industry and call out what she sees as overzealous oversight. She will be speaking atCoinDesk caught up with Mersinger to discuss the Cain and Abel rivalry between the CFTC and U.S.
I don't want to put words in your mouth, but is this to suggest that the regulatory landscape would improve if Trump was re-elected in November? That makes a lot of sense. Do you think that there needs to be bespoke crypto legislation or would new interpretations of existing laws suffice? A lot of it is done by the enforcement team that might interview the whistleblower and other employees, get documents. A lot of time goes into each case before it gets to the commission for a vote. There's also a lot of cooperation between the various agencies, whether it's the DOJ, state regulators or the SEC. So where there's opportunities to bring cases under multiple statutes, or different regulators, they'll work together.
But where there's a policy question around a certain activity and how our statute would fit with that activity, that's where I get a little nervous. For instance, if we're looking at a DeFi protocol, and we're saying they're violating our statute it can be difficult if we've never really said how our statute applies to DeFi.
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