Senator Klobuchar Warns Against Expanding CFTC Powers Without Full Committee

On January 30, during a meeting between the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) to discuss regulatory coordination in the crypto sector, Senator Amy Klobuchar issued a warning. According to BlockBeats, she cautioned against expanding the CFTC's powers without a fully constituted committee. Klobuchar emphasized, "We cannot grant such extensive new powers to the Commodity Futures Trading Commission when it has only one member."