- Kristin Johnson, the Commissioner of CFTC, revealed the need and requirement of investor education and outreach in a recent roundtable discussion centered on digital assets.
- The discussion was focused on the matter of the popularity of digital assets among historically underserved groups.
In a roundtable discussion, Commissioner of the Commodity Futures Trading Commission of the United States, Kristin Johnson, revealed in a roundtable discussion that the CFTC felt a need to raise the number of investor education and outreach after the market of digital assets expands and experiences a decline.
Last week, an event was conducted by the Office of Minority and Women Inclusion of CFTC, which was centered on digital assets; in which johnson said that “We should rise the number of investor education and outreach to permit consumers and jointly fight illegal activities and protect the purity and solidity of our financial markets.”
The roundtable was a good opportunity for lawmakers to talk about cryptocurrencies from the perspective of financial involvement, centering the topics like making laws to serve the communities at their best and investor protections for deprived groups. The participants argued about the law, policy, and change in the digital asset world.
The roundtable highlights
The roundtable highlighted the cross-party Digital Commodities Consumer Protection Act of 2022. The bill will direct, among other things, if passed, an authority’s research on how digital assets influence “diverse communities.”
The Commissioner of Commodity Futures Trading Commission made comments and pointed to a report of 1st June by the Federal Reserve Bank of Kansas City that specifies that historically underserved groups participate in the crypto-investment community more actively compared to the investment communities for traditional financial products.
“The CFTC must continue to keep a supreme bar of implementation and educational outreach to safeguard retail members in the crypto market- a group that has a large representation of younger and differnet investors,” the remarks of the CFTC’s Commissioner explained.
Source: https://www.thecoinrepublic.com/2022/08/20/cftc-concentrates-on-outreach-as-digital-assets-gain-popularity-among-underserved-groups/