In a tale as old as the financial crisis, our beloved regulators, the SEC and CFTC, are reportedly caught in a web of talks to resurrect a committee that has seen more dust than action. 🕵️♂️
Word on the street, via the quill of Fox News’ Eleanor Terrett, is that these two titans of oversight are mulling over the idea of bringing back the CFTC-SEC Advisory Committee on Emerging Regulatory Issues – a committee that died a silent death in 2014, presumably from boredom. 😴
This committee, once a beacon of hope after the 2008 crash, was meant to be the eyes and ears of risk. But like a forgotten toy, it was tossed aside when the grown-ups decided they had better things to do. 🧸
Now, CFTC’s Acting Chair Caroline Pham is like a nostalgic relative, yearning for the good old days, suggesting the joint panel could be a “strong signal” of something… probably that history has a funny way of repeating itself. 🔄
As the crypto world turns, President Trump’s AI and Crypto Czar, David Sacks, is drawing up plans that would make even the most seasoned bureaucrat’s eyes glaze over. A push for clearer crypto regulations? What’s next, a recipe for world peace? 🌍💕
In the grand scheme of crypto expectations under Trump, the future is as clear as mud. But hey, at least the presidential working group on digital asset markets has a schedule – and it’s as packed as a crypto enthusiast’s wallet. 💼
Last but not least, SEC Commissioner Hester Peirce took a stand, defending her stance on crypto regulation like a knight with a blockchain shield. She’s not an industry groupie, she’s a “freedom maximalist” – because apparently, there’s a difference. 🤷♀️
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2025-02-13 10:06