Aaron Klein: FTC expands cryptocurrency regulation or faces insufficient capacity

Brookings scholar Aaron Klein warns that the CFTC may find it difficult to effectively supervise the expansion of digital asset regulatory powers due to a lack of personnel, funding, and professional capabilities. He pointed out that the original intention of CFTC's design was to regulate the commodity futures market, which is difficult to cope with the current scale of responsibilities proposed for cryptocurrency regulations. Klein suggests that the SEC and CFTC strengthen coordination and even merge to improve regulatory efficiency, and calls for law enforcement to be independent of political influence.