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US Crypto Crackdowns Prompt Businesses to Consider Offshore Operations: CFTC Commissioner Cautions Against Perceiving the Agency as a "Light Touch" Regulator

The United States has witnessed a surge in regulatory actions against cryptocurrency, leading businesses to consider relocating their operations overseas.

Christy Goldsmith Romero, a commissioner at the Commodity Futures Trading Commission (CFTC), cautioned crypto firms against viewing the CFTC as a more favorable regulator than the Securities and Exchange Commission (SEC).

Romero denied any animosity between the CFTC and the SEC in terms of regulating digital assets, but acknowledged that some crypto products have posed challenges for regulatory authorities.

The CFTC recently filed a lawsuit against FTX and its founder, alleging that they caused losses of over $8 billion in customer deposits. 

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