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CFTC Commissioner Johnson lambasts crypto sector for “egregious” governance and risk failures

Graphic showng crypto coins
Photo: Getty Images

Statement is ‘call to action’ to protect users and tighten custody of customer asset policies.

It has been a turbulent time in the cryptocurrency market, and Commodity Futures Trading Commission (CFTC) Commissioner Kristin N Johnson this week stressed the need for the agency to start using its existing powers to strengthen requirements for keeping users’ digital assets safe.

“Liquidity crises and a lack of responsible

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