Summer Mersinger, commissioner of the United States Commodity Futures Trading Commission (CFTC), expressed her belief that the time may have come for action on the regulation of cryptocurrencies.

On November 18, while speaking at the Texas Blockchain Summit, Mersinger reflected on the potential requirements for successful crypto legislation in the United States.

Mersinger saw that the process was moving in the right direction. “We’re getting to the point where we may be past the education stage and now is the time to act,” she added. “We’re getting to the point that maybe we’re past the education stage. However, due to the fact that it’s not a party issue, it’s an intriguing political issue.” Mersinger proceeded by saying that the CTFC and the Securities and Exchange Commission will ultimately resolve their differences over jurisdiction. She said there’s a place for both of us; the challenge now is to figure out how to make it work.

In the future, regulation of digital assets could include the need for real-time evidence of reserves. We don’t make that request every day, but we have the ability to. Related: The US regulator boasts in a new report about how “aggressively” they are policing cryptocurrencies. While this is happening, according to what Mersinger said, “unless there is some decision at the federal level, the states are the first line of defense.” .” “Sometimes in Washington we forget that states were the first players and regulators in this arena, and that they continue to play an essential role even now.

It is terrible, in my opinion, since many times we forget about the states while we have a dialogue.

In December, President Joe Biden nominated Republican Mersinger as a candidate for a CTFC seat.

He called for the commission’s treatment of the Ooki DAO regulation by app and expressed disagreement with that approach.