Brookings Fellow Warns CFTC Lacks Resources for Expanded Crypto Oversight Under Clarity Act

Summary

Aaron Klein, a Brookings Institution fellow, argues that as Congress considers expanding the CFTC's authority over digital assets, the agency needs more resources, independence, and better coordination to effectively oversee digital markets. Klein warns that the Clarity Act risks creating regulation without proper oversight if the CFTC is not adequately funded and empowered to handle its dramatically larger mandate.