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Is the CFTC Right to Regulate Cryptocurrencies?

The CFTC has the authority to set the standards for the trading of cattle futures but it can't tell people how to buy and sell cows. So should there be one agency in charge? Should it be the CFTC? I mean what do you make of those that argue that its chair was too cozy with SPF? And to lenient on cryptocurrency over the past few years?

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