Forbes reported today that “every” U.S. crypto exchange is being investigated by the SEC. Forbes cited to an unnamed staffer for Senator Cynthia Lumis (R-Wy) as the source of the information. The Forbes article notes that according to the crypto site, CoinGeko, there are 40 U.S. crypto exchanges. The DCCPA would give the CFTC new powers to regulate "digital commodities," which the DCCPA defines as cryptocurrencies including Bitcoin and Ether. Until we have action by Congress it seems like the SEC and CFTC will continue to try and stake their claims as the leading U.S. crypto regulator.

Source: Forbes August 08, 2022 22:36 UTC