Timothy Massad, in an interview with CNBC, suggested that the SEC and the CFTC jointly form a working group that should develop basic standards for protecting client assets, as well as reporting requirements for platforms trading bitcoin, ether and other cryptocurrencies. This will prevent fraud and eliminate conflicts of interest between departments, Massad is sure.

The former chairman of the CFTC said that thanks to the general standards of regulation of cryptocurrencies, industry companies will no longer have to wait for their litigation with the financial regulator to be completed.