CFTC Joins Race Among US Agencies To Regulate Crypto
Rostin Behnam, Acting Chairman of the US Commodity Futures Trading Commission (CFTC), wants Congress to expand the scope of his agency’s authority in relation to the rapid development of digital asset markets. Should US lawmakers reply to Behnam’s call, this could mean that yet another government agency could tighten the regulatory grip over cryptoassets.
Shortly after a Bloomberg report suggested the US Department of Treasury was expected to transfer a lion’s share of the responsibility for regulating stablecoins to the US Securities and Exchange Commission, the CFTC is joining the race for which agency will regulate the rapidly growing crypto industry.
Speaking at a US Senate Agriculture Committee confirmation hearing in Washington, Behnam
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