At City Week 2023 in London, Christy Goldsmith Romero, a commissioner at the Commodity Futures Trading Commission (CFTC), spoke about the risks associated with digital assets and called on cryptocurrency firms to reduce anonymity for users. Romero emphasized that anonymity is the primary appeal for illicit finance in cryptocurrencies, and that it poses a threat to market integrity, national security, and financial stability. To manage these risks, she highlighted the need for identity verification and urged crypto companies to take responsibility for reducing anonymity. According to Romero, Congress is considering new laws to address anonymity and digital identity. As cryptocurrencies continue to gain popularity, it is crucial to implement measures to manage associated risks and promote transparency. Romero’s call for reduced anonymity emphasizes the need for crypto firms to prioritize regulatory compliance and protect against illicit activities.
US district judge refers FTX independent examiner issue to appellate court
A motion for the appointment of an independent examiner in the bankruptcy case of crypto exchange FTX has been referred...
