CoinDesk October 10 news: 1. CFTC Chair warns: Opposing new crypto regulation "dangerously invites the next Sam Bankman-Fried"; 2. U.S. CFTC Chair: Proposed crypto asset regulatory framework aims to protect customers; 3. Mike Selig: CFTC proposes crypto regulatory framework to prevent fraud; 4. U.S. CFTC Chair: Opposing crypto regulation opens the door to the next Sam Bankman-Fried; 5. CFTC Chair: Protecting crypto users’ self-custody rights; 6. U.S. Commodity Futures Trading Commission announces multiple crypto regulatory actions; 7. CFTC: The U.S. will no longer stand by as the crypto industry migrates overseas; 8. EU securities regulator requires crypto platforms to remove unauthorized stablecoins within three months; 9. Analysts: EU regulators require crypto firms to eliminate exposure to non-MiCA-compliant stablecoins by January 8; 10. Analysts: European Securities and Markets Authority releases guidance on stablecoin regulation.
CFTC Chair Warns Against New Crypto Regulators: 'Dangerously Inviting the Next Sam Bankman-Fried'
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Summary
The CFTC Chair warned that opposing new crypto regulators is "dangerously inviting the next Sam Bankman-Fried." The CFTC proposed a regulatory framework to protect customers and prevent fraud, while taking multiple enforcement actions in the crypto space. The agency also emphasized the need to safeguard self-custody rights. In Europe, the securities regulator ordered unauthorized stablecoins to be removed within three months. As CFT (Countering the Financing of Terrorism) rules gain increased focus, liquidity and crypto markets face heightened scrutiny.
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