Addressing manipulation in the crypto spot market
Hehmeyer Trading + Investments and Integritas Financial Consulting have filed a Comment Letter with the CFTC regarding their request for input on Crypto-Asset Mechanics. In the letter, we state that the CFTC is the best suited agency for ensuring technological progress is used responsibly for the benefit of society rather than to its detriment. We also urge the Commission to assert anti-fraud and anti-manipulation authority over crypto-asset spot markets since there is reason to believe some crypto asset spot markets may be subject to manipulation and that the products are commodities under the Commission’s definition.
If you are interested in reading the Comment Letter, please click here.