The CFTC Division of Clearing and Risk staff reminded derivatives clearing organizations of the heightened compliance risks to those offering digital asset-related products.
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Senate Banking Committee Member Bill Hagerty (R-TN) and House Financial Services Committee Chair French Hill (R-AR) questioned the SEC about a letter from its Investor Advisory Committee stating that “virtually all, if not all, crypto tokens are securities.”
The FINRA Investor Education Foundation reported that 56 percent of the Gen Z population in the U.S. (ages 18 to 25) invest, with 19 percent owning cryptocurrency and/or non-fungible tokens.
IOSCO offered policy recommendations to "support jurisdictions seeking to establish compliant markets for the trading of crypto or ‘digital’ or ‘virtual’ assets." The recommendations are intended to promote international consistency in regulatory frameworks.
The Congressional Research Service reviewed federal and state efforts to regulate cryptocurrencies and highlighted related policy issues.