Jeff Park Says CFTC Should Lead U.S. Crypto Regulation, Not SEC

• Jeff Park said the proposed U.S. crypto bill would shift regulatory power from the SEC to the CFTC.
• He noted that Uniswap’s long-awaited fee switch marks a major milestone for DeFi innovation under clearer regulations.
• Park also highlighted Square’s Bitcoin payments, cautioning against micro-transactions.

In a recent podcast with Anthony Pompliano, Jeff Park, Partner and Chief Investment Officer at ProCap BTC, weighed in on the proposed U.S. crypto market structure bill.

Park said the bill makes one thing clear: the CFTC would get more control over crypto, taking much of that power away from the SEC.

He explained that the CFTC’s mandate aligns more closely with the core functions of crypto, including capital efficiency, derivatives, leverage, and financial innovation. According to Park, crypto behaves more like a global commodity market than a domestic sec…

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