It seems fairly obvious to fair-minded observers that after over a decade of the cryptocurrency trading, it makes it unlikely it's going away anytime soon, as much as some may want that.
CFTC Chairman Rostin Benham has been proactive in working to encourage Congress to pass sensible and protective legislation. For Better Markets to say that the CFTC is not capable of this and is susceptible to regulatory capture, is slanderous.
Given that, you would think the reasonable person would say, 'let's properly regulate these products.' It is not true that crypto doesn't face a myriad of state and federal regulations.
It is important, though, to consider that crypto-related fraud is only 1% of the annual $3.2 trillion in illegal activity occurring in the dollar and other traditional fiat currencies.
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