US CFTC Commissioner Romero Speaks

Thank you to NASAA. I’m thrilled to be here with all of you, especially with those of you, who like me, have dedicated their careers to protecting investors. With our nation at the cusp of some very exciting technological advances, advances that can also prove to be challenging, it will take federal and state regulators working together to build a safer financial system. Today, I will share my view that one of the best ways to modernize investor protection is for regulators to keep pace with technology. I will talk about how ...

Thank you to FIA for inviting me to speak. Today, I will talk about the cyber threat, and how the collective “we” can advance from a mentality of incident response to one of cyber resilience. I will also share with you five pillars of cyber resilience. The Cyber Threat Global financial markets and economies are at an inflection point for cyber security. Cyber criminals have become more coordinated, innovative, and resourced. They take safe haven in nation states like Russia, China, Iran and North Korea, and in some cases are state ...

post at 4:00pm: "We have fraud authority, but we don't have regulatory authority. We can bring a case but we can't prevent the harm from happening from the first place," @CFTC commissioner @CFTCcgr tells #Consensus2023. https://t.co/snouMyPJmR

Anonymity is allowing crypto assets to finance illegal activities, a top U.S. regulatory official said on Tuesday, posing national security risks that must be addressed. Christy Goldsmith Romero, a commissioner at the U.S. Commodity Futures Trading Commission, said cryptocurrencies were being used to finance cybercrime whose victims include individuals, companies, hospitals and critical infrastructure. "Fraud is a hallmark of digital asset markets, the human toll of which may be overlooked," Romero told a City Week conference in ...