Latest developments: Klein argued the Commodity Futures Trading Commission faces a dramatically larger mandate as lawmakers consider expanding its authority over digital assets. Klein recently joined Rebecca Rettig and Renato Mariotti on CoinDesk’s The Policy Protocol.

• Klein said the CFTC was originally created to oversee commodity futures markets and was not built for the scale of responsibilities envisioned under current crypto legislation.
• He warned that giving the agency new powers without additional staff, funding and expertise could create the appearance of regulation without meaningful oversight.
• Klein expressed concern that regulatory capacity has been weakened by personnel departures and structural changes at the agency.

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