U.S. Senator opposes granting excessive cryptocurrency regulatory power to the CFTC

On Thursday local time, during a meeting where the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) discussed regulatory coordination in the cryptocurrency sector, Senator Amy Klobuchar warned that the CFTC's powers should not be expanded without a full commission in place. "We cannot grant the U.S. Commodity Futures Trading Commission such broad new powers with only one member."