Better Markets argues CFTC is wrong regulator for retail crypto
Advocacy group Better Markets says the CFTC's proposed framework would leave retail crypto investors less protected than SEC oversight would.
Better Markets has criticized the CFTC's proposed framework for overseeing certain cryptocurrency transactions and exchanges, saying the agency is the wrong body to regulate retail crypto. The advocacy group argues the plan would leave investors with less protection than they would receive under SEC oversight.
The CFTC's proposal would bring certain crypto transactions and exchanges under its jurisdiction. Better Markets said that arrangement would fall short on investor safeguards compared with the SEC's approach.
Agency jurisdiction in focus
The criticism highlights a broader question in US crypto policy: which federal regulator should supervise retail crypto markets. The SEC and CFTC have overlapping claims in the sector.
The disagreement reflects the wider debate over how US regulators should divide oversight of digital asset markets, with both agencies asserting roles in the space.