Back

SEC Staff Falls 18% and CFTC Workforce Drops 25%, Bloomberg Reports

According to Bloomberg, U.S. regulators are shrinking as the administration rolls back rules, while the U.S. Securities and Exchange Commission (SEC) takes a more crypto-friendly stance and the Federal Reserve reverses bank capital requirements.

Summary

No Summary provided as the original text is short

Terms & Concepts
  • CFTC: The Commodity Futures Trading Commission, the U.S. regulator overseeing derivatives markets, including some crypto-related futures products.
  • Bank capital requirements: Rules that require banks to hold a minimum level of capital to absorb losses and reduce financial system risk.
  • Regulatory coherence: A policy approach aimed at making rules across agencies more consistent, predictable, and easier to follow.