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Timothy G. Massad & Howell E. Jackson, How to Improve Regulation of Crypto Today—Without Congressional Action—and Make the Industry Pay for It (Hutchins Ctr. Working Paper No. 79, 2022).

Abstract: In this paper, Massad and Jackson propose that the SEC and the Commodity Futures Trading Commission (CFTC) jointly create and oversee a new self-regulatory organization, similar to the Financial Industry Regulatory Authority (FINRA) or the National Future Association (NFA).