CFTC’s $150 million war chest to stop failing crypto exchanges delaying withdrawals and weaponize complaints

Senate Agriculture Committee Chair John Boozman on Jan. 21 released updated text for a crypto market structure bill and set a committee markup for Jan. 27. The draft bill, titled the “Digital Commodity Intermediaries Act,” would give the Commodity Futures Trading Commission (CFTC) a defined framework to supervise parts of the spot crypto market when The post CFTC’s $150 million war chest to stop failing crypto exchanges delaying withdrawals and weaponize complaints appeared first on CryptoSlate.