Former CFTC commissioner calls staff crypto ownership ban absurd

A ban on cryptocurrency holdings by regulatory agency staff is an absurd and ridiculous rule, former U.S. Commodity Futures Trading Commission Commissioner Brian Quintenz said at Token2049 in Singapore on Oct. 8, local time. Quintenz said regulators cannot properly understand technology they are not allowed to use. He added the U.S. SEC and CFTC could provide the industry with significant regulatory clarity even without legislation from Congress. Quintenz is currently a director at Nasdaq-listed SUI Group Holdings after leaving the CFTC.