Which US regulator is in charge of monitoring cryptocurrencies? That issue came to the fore as the Commodity Futures Trading Commission is apparently investigating a June 21 “flash crash” in the cryptocurrency Ether, according to a Bloomberg report. A top regulatory lawyer doesn’t see the regulator jurisdiction issue as a binary outcome, however. The CFTC is formally asking Coinbase’s GDAX, a popular digital-coin exchange, to explain how a cryptocurrency on the exchange could fall from $317.81 to $0.10 in a matter of milliseconds before recovering, Bloomberg reported, citing two people familiar with the matter. [dalio] After the crash, GDAX…
Who Regulates Cryptocurrencies In The US? CTFC Looks Into Flash Crash
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.