Crypto Regulators Told: Ease Up on Perps Trading to Bring Onshore

Former officials from the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are calling for a lighter touch regulatory approach to bring cryptocurrency perps trading onshore.

In a recent discussion, the former officials emphasized the importance of allowing legitimate crypto firms to operate within the existing financial system. They argued that this would not only increase compliance but also provide better protection for investors.

According to the former officials, many current regulatory hurdles are too high and deter legitimate players from entering the market. This has led to a situation where unregulated offshore exchanges dominate the scene, posing risks to investors.