🚨 CFTC Chair Rostin Behnam calls for a robust regulatory framework in the crypto industry at the Futures Industry Association Expo 2023 conference. Key points:

- 34% of CFTC's 131 monetary awards since 2015 are related to digital asset fraud 💰

- Behnam believes ~70% of cryptocurrencies should be designated as commodities 📊

- Urges Congress to establish definitive regulations for digital assets and expand CFTC's jurisdiction 🏛️

- Stresses the importance of regulating decentralized finance (defi) to avoid "unlicensed doctors" in the industry 🩺

What are your thoughts on the need for crypto regulations? Share your opinions in the comments below! 💬👇