The Senate Agriculture Committee bill – pushed by Behnam’s former boss, panel Chairwoman Debbie Stabenow (D-Mich.) – would give the CFTC an unprecedented ability to charge the crypto industry fees to fund the new oversight. The CFTC, with fewer than 700 employees, is tucked into a humble building in northwest Washington, D.C. It’s always been much smaller than the SEC, which employs more than 4,500, but these new fees could allow it to build up considerably.
Source: https://www.coindesk.com/policy/2022/10/05/us-cftc-as-cryptos-regulatory-savior-crypto-firms-might-not-like-what-they-get/?utm_medium=referral&utm_source=rss&utm_campaign=headlines