CFTC Chairman: Good relationship with SEC, Congress should step in to solve loopholes in encryption supervision
CFTC Chairman Rostin Behnam stated that there are loopholes in US crypto regulation and that Congress should intervene legislatively to address the issue. He pointed out that although many tokens are recognized as commodities, the regulatory environment is still imperfect and called on Congress to take action.
Rostin emphasized that CFTC and SEC have a common interest in protecting the market and financial ecology, and their relationship is good. He did not specifically respond to differences in views on cryptocurrencies with SEC Chairman Gary Gensler.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Sei Research Initiative Aims to Overcome EVM Limitations
Sei Labs and the Sei Foundation launch the Sei Research Initiative to address Ethereum Virtual Machine limitations, enhancing scalability and decentralization.
US Elections Propel $2.2B Inflows into Digital Assets, Bitcoin (BTC) Leads
The recent US elections have sparked $2.2 billion in inflows into digital assets, with Bitcoin and Ethereum witnessing significant activity, according to CoinShares.
Reimagining EVM Storage: Addressing Key Blockchain Challenges
Explore innovative solutions to optimize the Ethereum Virtual Machine (EVM) storage layer, tackling state bloat and high gas costs through advanced data structures and blockchain strategies.
Ethereum Opens Applications for Next Billion Fellowship Cohort 5
Ethereum is now accepting applications for the Next Billion Fellowship Cohort 5, a program designed to leverage blockchain technology for solving real-world challenges.
Trending news
MoreCrypto prices
More
