ProCap BTC Chief Investment Officer: The CFTC's leadership in US crypto regulation is "generally correct" compared to the SEC
Jinse Finance reported that Jeff Park, Chief Investment Officer of bitcoin treasury company ProCap BTC, stated that although there are some complex issues with the recently proposed cryptocurrency market structure bill, the overall outline of cryptocurrency market regulation is gradually becoming clearer. On Friday, in a YouTube interview with crypto entrepreneur Anthony Pompliano, Park pointed out: "The Commodity Futures Trading Commission (CFTC) will have a broader regulatory scope in the crypto space than the Securities and Exchange Commission (SEC)." He also emphasized, "There are still many complex issues among different stakeholders." He stated, "In my view, this direction is generally correct. The core functions of the Commodity Futures Trading Commission (CFTC) cover the regulation of financial innovation, as well as the management of capital efficiency, leveraged instruments, and derivative products." He further explained that this is highly aligned with the current development direction of the crypto industry—the crypto industry is building an entirely new settlement layer, which can improve capital efficiency at different speeds.
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