The U.S. Commodity Futures Trading Commission (CFTC) has indicated that risk management rules need to be reviewed.
As crypto regulations become a hot topic, the suggestions and sanctions of the regulators continue. The SEC and CFTC in particular have become the focus of discussion with their crackdown on crypto.
Putting intense pressure on the crypto side, the CFTC recommended a review of risk rules in light of emerging technologies such as artificial intelligence and crypto. CFTC Commissioner Christy Goldsmith Romero stated that technological progress also triggers risks.
CFTC Focused on Crypto Risk Rules
The US Commodity Futures Trading Commission (CFTC) has released a proposal to change the risk rules. Commissioner Christy Goldsmith Romero made statements on the subject.
Romero stated that in the face of possible changes, firms should be prepared for crypto volatility and customers’ digital asset risks. In addition, Romero said that with the expansion of digital assets, risks may arise in areas such as artificial intelligence and cloud services.
The CFTC, which is at the center of the discussions with its policy especially on the crypto side, is now trying to address risk management. The regulator, working on this issue, stated that the proposed rules will be interpreted by the public for 60 days.
On the other hand, Romero said, “These technological advances, with their accompanying risks, require the commission to reconsider our regulatory oversight, including our risk management requirements.”
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