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BTCC / BTCC Square / Global Cryptocurrency /
FIA President Advocates CFTC Oversight for Digital Commodities in Senate Testimony

FIA President Advocates CFTC Oversight for Digital Commodities in Senate Testimony

Author:
Global Cryptocurrency
Published:
2025-07-16 09:24:02
10
1
BTCCSquare news:

FIA President and CEO Walt Lukken emphasized the CFTC's suitability for regulating digital commodities during a Senate Committee hearing. Drawing on his experience as a former CFTC Chairman, Lukken highlighted the agency's principles-based approach, innovation-friendly mandate, and strong enforcement capabilities as key advantages.

The testimony positioned digital assets as a critical innovation where U.S. leadership is at stake. Lukken's recommendations come as Congress considers new regulatory frameworks for cryptocurrencies, with institutional adoption hanging in the balance.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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