Warning: ftp_nlist() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 420

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_nlist() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 420

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_nlist() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 420

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_nlist() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 420

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_nlist() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 420

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_nlist() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 420

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_nlist() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 420

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_nlist() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 420

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_nlist() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 420

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_nlist() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 420

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_nlist() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 420

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_nlist() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 420

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_nlist() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 420

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_nlist() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 420

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_nlist() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 420

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_nlist() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 420

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_nlist() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 420

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_nlist() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 420

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: ftp_pwd() expects parameter 1 to be resource, null given in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 230

Warning: unlink(/tmp/jnewslibrary-72idzu.tmp): No such file or directory in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 142
G7 and CFTC Meet: Is Regulation Coming To Crypto? | Hodl Ninjas
Hodl Ninjas
  • News
  • Markets
  • Guides
  • NFTs
  • Defi
  • Exchanges
  • Subscribe
Search
bitcoin
Bitcoin (BTC) $ 22,760.10
ethereum
Ethereum (ETH) $ 1,618.17
tether
Tether (USDT) $ 1.01
bnb
BNB (BNB) $ 322.29
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.396677
binance-usd
Binance USD (BUSD) $ 0.999479
cardano
Cardano (ADA) $ 0.389269
dogecoin
Dogecoin (DOGE) $ 0.091342
okb
OKB (OKB) $ 44.41
matic-network
Polygon (MATIC) $ 1.18
solana
Solana (SOL) $ 23.06
shiba-inu
Shiba Inu (SHIB) $ 0.000014
staked-ether
Lido Staked Ether (STETH) $ 1,612.55
polkadot
Polkadot (DOT) $ 6.60
litecoin
Litecoin (LTC) $ 95.46
avalanche-2
Avalanche (AVAX) $ 19.78
tron
TRON (TRX) $ 0.062996
uniswap
Uniswap (UNI) $ 6.76
dai
Dai (DAI) $ 0.99907
cosmos
Cosmos Hub (ATOM) $ 14.34
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 22,661.07
chainlink
Chainlink (LINK) $ 6.90
the-open-network
Toncoin (TON) $ 2.28
leo-token
LEO Token (LEO) $ 3.60
ethereum-classic
Ethereum Classic (ETC) $ 22.41
monero
Monero (XMR) $ 164.41
bitcoin-cash
Bitcoin Cash (BCH) $ 132.48
aptos
Aptos (APT) $ 14.61
stellar
Stellar (XLM) $ 0.089935
apecoin
ApeCoin (APE) $ 5.63
crypto-com-chain
Cronos (CRO) $ 0.080358
near
NEAR Protocol (NEAR) $ 2.36
filecoin
Filecoin (FIL) $ 5.22
quant-network
Quant (QNT) $ 136.10
algorand
Algorand (ALGO) $ 0.255772
hedera-hashgraph
Hedera (HBAR) $ 0.069404
vechain
VeChain (VET) $ 0.023758
lido-dao
Lido DAO (LDO) $ 2.01
internet-computer
Internet Computer (ICP) $ 5.50
fantom
Fantom (FTM) $ 0.548169
decentraland
Decentraland (MANA) $ 0.718493
the-sandbox
The Sandbox (SAND) $ 0.716127
axie-infinity
Axie Infinity (AXS) $ 10.78
aave
Aave (AAVE) $ 84.50
eos
EOS (EOS) $ 1.08
the-graph
The Graph (GRT) $ 0.130528
flow
Flow (FLOW) $ 1.10
elrond-erd-2
MultiversX (EGLD) $ 44.42
terra-luna
Terra Luna Classic (LUNC) $ 0.000186
Hodl Ninjas
  • News
  • Markets
  • Guides
  • NFTs
  • Defi
  • Exchanges
  • Subscribe
Search
Hodl Ninjas
Home Markets

G7 and CFTC Meet: Is Regulation Coming To Crypto?

Increased regulation in crypto has looked inevitable for quite some time, but the Luna/UST crash appears to have sped up the timeline across the globe.

L.R. Borbón by L.R. Borbón
May 25, 2022
in Markets, News
0
Is-Regulation-Coming-for-Crypto
Share on FacebookShare on Twitter

Cryptocurrencies are more prominent than ever and are proving to be an integral part of the global economy. With such scale comes regulation and this past Wednesday, the Commodity Futures Trading Commission met to discuss crypto’s role in the American economy and the ever-increasing spread of fraud and market manipulation.

In remarks at the Chainanalysis Links conference, Chairman of the CFTC, Rostin Beham stated that of all of the digital cases the organization is investigating, half of them are crypto-related cases. In total, more than 23 crypto-related cases are now being investigated by the CFTC, nearly half of its enforcement actions involving digital assets since 2015.

CFTC Chairman, Rostin Beham went on to say,

“Headlines about the loss of tens of millions of dollars in digital assets due to protocol exploits, phishing attacks, preying on vulnerable people and other fraudulent and manipulative schemes have become far too common.”

Reinforcing the idea that both institutional and retail investors are frightened and perhaps regulation might be the best option for the embattled crypto market right now. From ongoing fraud, stable coin collapse, and an overall skittish crypto market, now is the time to calm fears and introduce frameworks that will work.

CFTC Will Increase Agency Crypto Enforcement

Since the confirmation hearing of Chairman Beham, the New York native has been pushing for wider-reaching legislation to wrangle any loose strings in the crypto community. In particular, market manipulators as well as crypto protocols where fraud was being committed. For example, in the case of minor stable coins that claim to have assets that are never audited or double-checked.

The G7 will be meeting later this week as well to discuss regulation in Europe. French Central Bank head Francois Villeroy de Galhau said on Tuesday that the incident involving the collapse of the Luna and TerraUSD value systems can never happen again in the way that it did. And that the G7 or the seven finance chiefs will be reviewing several plans to prevent such a situation from occurring in Europe.

On the other side of the ocean, Washington is preparing for another showdown in front of the Senate Finance Committee because Treasury Secretary Janet Yellen urging lawmakers to pass a new regulatory framework for cryptocurrencies. Senator Pat Toomey, the top-ranking congressional official in Pennsylvania and top Republican on the Senate Banking Committee stated he and his party would also be pushing for wider legislation governing the impact of cryptocurrencies on the American economy.

Ron Hammond, Director of Government Relations at the Blockchain Association echoed Washington and the G7s increased scrutiny of the blockchain community, saying,

“The markets last week caught the eye of D.C., … There’s definitely a group of investors who lost a lot of money, and that does elicit concern from folks on Capitol Hill.”

Concluding Thoughts on Crypto Government Oversight

As we digest and internalize what happened last week with the failure of the Terra and Luna, governments will continue to meet to create frameworks to better protect the retail investor. And perhaps that isn’t such a bad idea, as the crypto market becomes larger, so too do the pillars that uphold it need to increase in strength and size.

Maybe, just maybe these new regulations will add a bit of mental security to an already shaken market. Now more than ever, retail investors and institutional ones need to be reminded that everything is going to be all right. That the failure of one stable coin does not represent the entire market’s ability to safely hold value.

ShareTweetPin
Previous Post

Sports Betting Companies Betting Big On the Metaverse

Next Post

There’s Plenty More At Play Contributing To May’s Crypto Crash Than Just Terra

L.R. Borbón

L.R. Borbón

L.R. has worked for an international investment firm as a wealth manager and investment advisor, and launched his own NFT consulting business for the entertainment industry in 2021. He covers a wide variety of crypto and NFT topics for HODL Ninjas.

Related Articles

Genesis and Bitcoin Jesus
Markets

Genesis and Bitcoin Jesus

January 31, 2023
Secret Papers of BlockFi
Blockchain

Secret Papers of BlockFi

January 30, 2023
Europe Paves Way for Global Crypto Framework
Blockchain

Europe Paves Way for Global Crypto Framework

January 27, 2023
Sam-Bankman Fried Saga Continues...
Exchanges

Sam-Bankman Fried Saga Continues…

January 26, 2023
Next Post
Crypto Drop Tied to Nasdaq and Stock Market

There’s Plenty More At Play Contributing To May’s Crypto Crash Than Just Terra

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending Articles

  • Nike Aggressively Moving Into NFT Space

    Nike Is Secretly Buying NFT Domains: Nike Metaverse?

    0 shares
    Share 0 Tweet 0
  • SBF Promises Customers Will All Get Paid Back

    0 shares
    Share 0 Tweet 0
  • Sam-Bankman Fried Saga Continues…

    0 shares
    Share 0 Tweet 0
  • A New Frontier For Photojournalism Emerges With AP’s New NFT Marketplace

    0 shares
    Share 0 Tweet 0
  • Sports Betting Companies Betting Big On the Metaverse

    0 shares
    Share 0 Tweet 0
bitcoinBitcoin
$ 22,760.10
$ 22,760.10
2.7%
ethereumEthereum
$ 1,618.17
$ 1,618.17
2.92%
tetherTether
$ 1.01
$ 1.01
0.52%
solanaSolana
$ 23.06
$ 23.06
5.49%
cardanoCardano
$ 0.389269
$ 0.389269
2.45%
polkadotPolkadot
$ 6.60
$ 6.60
3.81%

Become a Hodl Ninja.

Stay on top of market trends, find exciting new projects, hold on for dear life.

johnsmith@example.com
© 2021 Hodl Ninjas – A BettorView Brand.
No Result
View All Result
  • News
  • Markets
  • Guides
  • NFTs
  • Defi
  • Exchanges
  • Subscribe

© 2021 Hodl Ninjas - A BettorView Brand.

Subscribe to Hodl Ninjas

Get the latest news in crypto and be the first to hear about exciting new projects.

Enter your email address

No thanks, I’m not interested.

Search
$ USD
  • $ USD
  • € EUR
  • ₹ INR
0
Previous 25
Next 25
#CoinPriceMarketcapVolume (24h)SupplyChange (24H)Price Graph (7D)
Previous 25
Next 25

Warning: unlink(/tmp/jnewsfirstload-IPUlqw.tmp): No such file or directory in /home/customer/www/hodlninjas.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 142