The Chairman of the CFTC once again recalled the need to create rules for the digital asset market
Chairman of the Commodity Futures Trading Commission (CFTC) Rostin Benham once again recalled the need to create new legislation for digital assets.
In particular, Benham is concerned about the approval of spot Bitcoin ETFs. According to him, many users of these funds may mistakenly believe that the digital asset industry is already quite transparent.
He added that no federal regulator has been given congressional authority over digital asset money markets.
“Instead of regulation, ETPs took a speculative and volatile asset, wrapped it in a thin layer of indirect regulation, and packaged it into a shiny new product,” Behnam concluded.
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