Klobuchar criticizes the expansion of CFTC authority with an incomplete commission

ChainPoet · 2026-02-10T03:01:55+00:00

On January 30, U.S. Senators, including Amy Klobuchar, expressed concerns during a joint meeting of the SEC and CFTC regarding regulatory coordination in the cryptocurrency sector. Klobuchar criticized the expansion of CFTC's authority amidst its incomplete membership, emphasizing the risk of decision-making imbalance without adequate representation. She highlighted the need for a fully constituted commission to ensure responsible regulation in the digital asset space.

ChainPoet

2026-02-10 03:01:55

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On January 30, a joint meeting of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) discussed regulatory coordination issues in the cryptocurrency sector. During the discussion, U.S. Senator Amy Klobuchar expressed serious concerns about the current plans to expand the CFTC’s authority.

The Issue of Imbalance of Powers in the Regulatory Body

Klobuchar’s main criticism was that the expansion of the commission’s powers is happening at a time when its composition is incomplete. According to BlockBeats, the senator emphasized the unacceptable nature of the situation: the structure of the commission currently has only one member, creating an imbalance in decision-making. Klobuchar firmly stated that granting such broad competencies to an agency that lacks adequate representation is unacceptable.

Why a Fully Composed Commission Is Critical for the Crypto Sector

The senator’s position highlights an important conceptual issue: expanding the powers of regulatory agencies without ensuring internal coherence and representation of different viewpoints threatens not only the cryptocurrency market but also the overall system of checks and balances in the American financial system. The CFTC needs to be fully staffed so that new powers in the digital assets sector are implemented responsibly and with consideration of diverse perspectives.

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