If FIT21 is enacted, CFTC Commissioner Mersinger anticipates extensive coordination and potential delays in its implementation across U.S. regulatory agencies.
Summer Mersinger anticipates extensive coordination and potential delays in the implementation of FIT21 across U.S. regulatory agencies if it is enacted.
Summer Mersinger, Commissioner of the Commodity Futures Trading Commission , made the prediction during a panel at the 2024 Consensus event. Mersinger sees a slow regulatory process for the bill if it becomes law. “Rulemaking is a slow, slow process. And you think the law is signed in, the president signs it, it’s all done. That’s just step one. And then it really gets to the kind of where the rubber meets the road. So, it could take a while to get the rules done.”
Also participating in the event discussion, SEC Commissioner Hester Pierce said Congress’ interest in crypto legislation is a response to the agency’s enforcement approach toward crypto firms.
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