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Former CFTC Commissioner says ‘blanketly throwing out terms’ do not a policy debate make
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Words matter. Since SEC Chairman Gary Gensler used the phrase “Wild West” to describe the largely unregulated crypto sector, the metaphor has become a catchphrase. But do other regulators agree with this language?
During the November Ripple Swell event, a former Commodity Futures Trading Commission [CFTC] official shared his take on the “Wild West” comparison.
Former CFTC Commissioner Brian Quintenz was speaking to Ripple’s Head of Public Policy, Susan Friedman, when she asked him about Gensler’s comments – without referring to him by name.
However, Quintenz certainly had some thoughts to share. He declared,
“You know, the language that was used in this case is not language of public policy. It’s language of politics, it’s a language of
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