Cryptocurrency Regulation: CFTC Chair Urges Congressional Action
During an address to the House Agriculture Committee, Rostin Behnam, chair of the Commodity Futures Trading Commission (CFTC), stressed the need for Congressional action to define regulatory boundaries in the cryptocurrency sector. Behnam specifically highlighted the importance of addressing regulatory gaps in light of the price volatility observed in bitcoin (BTC), dismissing the notion that cryptocurrencies are losing relevance and instead predicting a surge in market enthusiasm.
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