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NFA testimony: self‑regulation complements CFTC enforcement, few complaints in spot digital assets
Summary
The National Futures Association told a House Agriculture hearing that self‑regulation under NFA complements CFTC oversight, and that NFA has adopted rules to supervise members’ spot digital asset activity with limited consumer complaints so far.
WASHINGTON — Thomas Sexton, president and CEO of the National Futures Association, told the House Committee on Agriculture that NFA’s role as an industry self‑regulator works alongside CFTC supervision to detect fraud and protect customers.
Sexton said NFA performs seven primary functions — including registration, rule enforcement, member monitoring and dispute resolution…
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