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🧠CFTC READY TO REGULATE CRYPTOCURRENCIES

🧠CFTC READY TO REGULATE CRYPTOCURRENCIES

Day: 10 | Time: 00:11:32 The president of the CFTC, Rostin Behnam, has stated that the agency is willing to become a primary regulator for cryptocurrencies during a Senate Agriculture Committee hearing on the oversight of digital commodities. Behnam also emphasized the importance of cooperation between the CFTC and the SEC in addressing the legal issues surrounding cryptocurrencies. Additionally, he stated that the majority of the cryptocurrency market cannot be classified as securities and that the CFTC needs funding to establish a regulatory framework. Finally, he warned that without the authority of the CFTC, fraud and manipulation will continue to negatively impact individuals in the United States.

Rostin Behnam - CFTC chair