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[Better Markets Questions CFTC's Ability to Regulate Retail Crypto Trading, Suggests SEC is Better Suited to Protect Investors] According to Cointelegraph, the U.S. financial reform advocacy organization Better Markets stated that the Commodity Futures Trading Commission (CFTC) is not the appropriate agency to regulate retail crypto asset trading. Its proposed crypto regulatory framework could result in weaker investor protections compared to the model regulated by the U.S. Securities and Exchange Commission (SEC). Previously, the CFTC sought public comments on a regulatory framework for certain retail crypto transactions, including margin, leverage, or financing-based crypto asset trading, and considered bringing eligible crypto trading platforms under its regulatory scope.

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