CFTC Commissioner Says US Regulators Should Issue Clear Guidance Before Punishing Crypto Firms: Report

CFTC Commissioner Says US Regulators Should Issue Clear Guidance Before Punishing Crypto Firms: Report
U.S. regulators should issue clear guidance on how crypto rules will be enforced before punishing firms for not following them, Dawn Stump of the U.S. Commodity Futures Trading Commission (CFTC) said in an interview with the Financial Times.Stump, a commissioner of the derivative market watchdog, said that it is commonplace for the regulator to bring action against a firm without giving them the guidance necessary to comply with the rules concerned.“What I discourage here at the CFTC is bringing enforcement actions without giving [crypto firms] the tools they need to be compliant,” she said.As an example of enforcement coming before…