Urgent Regulatory Framework Needed for Crypto, Says CFTC Chair to Congress
Key Takeaways CFTC Chair Rostin Behnam urges Congress to enact legislation providing clear regulatory guidelines for the cryptocurrency industry. The discussion includes the significant market impact of major cryptocurrencies such as Bitcoin and Ether, stressing the need for regulatory clarity. Behnam argues for the classification of certain crypto as commodities to establish a foundation for appropriate regulatory oversight.
Key Takeaways
- CFTC Chair Rostin Behnam urges Congress to enact legislation providing clear regulatory guidelines for the cryptocurrency industry.
- The discussion includes the significant market impact of major cryptocurrencies such as Bitcoin and Ether, stressing the need for regulatory clarity.
- Behnam argues for the classification of certain crypto as commodities to establish a foundation for appropriate regulatory oversight.
