The CFTC advised the public to avoid unregistered brokers and advisers promoting their services on social media platforms.
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CFTC Commissioner Dawn Stump asserted that market participants need more clarity on the regulatory authorities of federal agencies with respect to cryptocurrencies and digital assets.
CFTC Commissioner Kristin N. Johnson called for a strong regulatory framework for digital assets that provides strong retail investor protections.
The Department of Labor’s Employee Benefits Security Administration reminded 401(k) plan fiduciaries of their duties to participants when considering plan investments involving cryptocurrencies.
The Financial Conduct Authority banned the sale, distribution and marketing to retail customers of cryptoasset derivatives and exchange traded notes that reference unregulated transferable cryptoassets.