Former CFTC commissioner calls SEC approach a threat to the crypto industry
According to Brian Quintenz, over-regulation hinders innovation in the sector
03.10.2022 - 11:45
837
1 min
0
What’s new? Brian Quintenz, the former US Commodity Futures Trading Commission (CFTC) commissioner, told DeCrypt that the Securities and Exchange Commission’s (SEC) approach to regulating the crypto market is a threat to the continued growth of the industry. According to Quintenz, the SEC should not expect rules that promote the disclosure of the full potential of innovation. And equating cryptocurrencies with securities will result in companies being unable to meet legally required obligations.
The full version of the interview
What other statements have been made? That said, Quintenz does not consider the very fact that regulation is being introduced to be a bad idea. He stressed that proper regulation can improve the liquidity of the market. In doing so, the benefits of a correct legal framework would outweigh the potential negative consequences for bona fide industry participants.
In September, SEC Chairman Gary Gensler said he would support a bill that would give more oversight authority over certain cryptocurrencies to the CFTC.
On September 1, the SEC and the CFTC launched public consultations on the regulation of cryptocurrency hedge funds. Regulators intend to strengthen hedge fund disclosures and increase monitoring of the industry to reduce potential risks.
Useful material?
Telegram 
Twitter Incidents
In a single week, hackers went after PHP websites, the Railway cloud platform and a medical company, and experts started talking about a crisis that is only just beginning.
Oct 28, 2026
Incidents
In 104 minutes, the attacker emptied 1,404 addresses before validators halted the network and froze almost all of the loot.
Oct 19, 2026
Incidents
Developers warned of potential risks to bridges across the ecosystem and asked exchanges for assistance.
Jun 22, 2026
Incidents
The defendant helped move funds stolen through investment scams and earned at least $4 million for his role in the operation.
Jun 10, 2026
Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Cryptocurrency rates
-
Bitcoin
$80 114
BTC
-0.42%
-
Ethereum
$2 322
ETH
-0.21%
-
BNB Smart Chain
$743.46
BSC
-0.66%
-
Ripple
$1.42
XRP
+1.04%
-
TRON
$0.331493
TRX
+0.06%
-
Zcash
$1 274.16
ZEC
-0.63%
-
Dogecoin
$0.079032
DOGE
+0.42%
-
Cardano
$0.218269
ADA
+2.11%
-
Stellar XLM
$0.184461
XLM
+2.83%
-
Bitcoin Cash
$278.4
BCH
-5.53%