CFTC Commissioner: Rules governing cryptocurrencies could come in coming weeks

Christy Goldsmith Romero and Kristin Johnson, commissioners of the US Commodity Futures Trading Commission (CFTC), are urging the agency to issue rules or guidance to address conflicts of interest in the cryptocurrency space and protect consumers. Johnson stated at a meeting at the Atlanta Federal Reserve Bank that the collapse of FTX, Binance, Celsius, and Voyager demonstrate the need to protect cryptocurrency assets through the segregation of customer deposits, and the CFTC should "immediately develop regulatory guidance on asset custody." Johnson added that rules governing cryptocurrency management may be issued in the coming weeks.