The Commodity Futures Trading Commission has the power to prevent companies from becoming like FTX in the future. Congress should write that power into law.
November 17, 2022
Officials such as Treasury Secretary Janet Yellen are already calling for greater regulation to prevent another FTX-style crash. YellenAgencies like the SEC and CFTC ensure compliance with regulations by requiring firms to report on their activities regularly, by investigating tips from whistleblowers, and, when all else fails, with enforcement actions that can involve fines, lawsuits or getting a judge to subpoena companies’ records.
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