CFTC High-Level Exodus! Regulatory Control Alarm Sounds, Retail Investors Left with Nothing?
CFTC Commissioner Goldsmith-Romero has revealed shocking news: executives are collectively fleeing, leaving institutions to fight alone, and regulation is completely unbalanced! She bluntly stated that this is a disaster for crypto regulation—there is no one to provide checks and balances, no one can intervene, rules can be set arbitrarily, who will protect investors?
As she and other commissioners leave one after another, the CFTC may only have one person at the helm in the future, losing diverse voices and debate mechanisms, turning regulation into a 'one-man show,' with dire consequences evident. The authority over crypto regulation is still in the process of being transferred, and this regulatory vacuum has triggered a chaotic market battle.
Goldsmith-Romero also urged the CFTC to quickly define 'retail customers,' implement strict regulatory rules, prohibit mixing company funds with client money, and ensure registration and compliance; otherwise, retail investors will burn themselves. Her words pierced the regulatory bubble like a toxic needle: don't blame retail investors for suffering heavy losses; the regulatory vacuum is the root cause!
This major personnel shake-up at the CFTC signals the impending arrival of a regulatory desert; who still dares to believe in market safety?