Christy Goldsmith Romero said the regulator is now conducting several major investigations related to digital assets.
Cryptocurrency companies account for about 20 percent of CFTC proceedings, including civil cases involving the Binance and FTX exchanges.
In March, CFTC chairman Rostin Behnam proposed giving the agency expanded powers to regulate steblecoins.
Therefore, crypto market participants have reason to believe that the CFTC and SEC “are waging a war for the territory of cryptocurrency regulation.
Romero refuted those claims, explaining that many cryptocurrency products are new and regulators are still trying to make sense of them.
Given the large number of cases of cryptocurrency fraud, it’s impossible for one agency to control all. Romero said cryptocurrencies should not consider the CFTC a friendlier regulator than the SEC.
“I don’t like the idea that the CFTC could be considered a ‘softer’ and gentler agency. “Easy Regulator” – that inscription will never appear on my tombstone,” Goldsmith Romero announced.
The CFTC chair recently spoke out against the anonymity of cryptocurrencies because the official believes it poses great risks to the national security of all nations.