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Think tank proposes SEC and CFTC merger to better regulate digital assets

Montage of the SEC and CFTC buildings.
GRIP Montage: Getty Images

Carmen Cracknell

2 min read
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Brookings fellow and former CFTC chair says lawyers will exploit complexities in the current structure to reduce their clients’ compliance burden.

Brookings fellow Timothy G Massad has criticized current market structure proposals, saying they contain lengthy, complex exemptions from securities laws. The issue is ever more prescient now that the GENIUS Act has been signed into law.

“Lawyers will exploit the complexities to secure lower compliance burdens for their clients,” Massad

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