Crypto exchanges shouldn’t ‘self-certify’ tokens

A commissioner from the Commodity Futures Trading Commission (CFTC) has called on Congress to stop allowing cryptocurrency exchanges to “self-certify” and list tokens without oversight.

CFTC commissioner Christy Goldsmith Romero told an audience at a Jan. 18 University of Pennsylvania event focused on FTX that the current process wasn’t adequate to ensure proper oversight, saying:

“I urge Congress to avoid permitting newly-regulated crypto exchanges to self-certify products for listing,…