🚨 The head of the CFTC, Rostin Benham, at the Futures Industry Association Expo 2023 conference, emphasized the need for strict regulation of the crypto industry:
- Since 2015, the CFTC has issued 131 monetary incentives, 45 of them related to digital asset fraud (34% of the total)
- Benham compared the lack of regulation of decentralized finance (DeFi) to "uncertified doctors"
- He called on the US Congress to establish clear rules for cryptocurrencies and expand the powers of the CFTC in this area
- At the same time, laws governing the crypto industry are still being developed in the US, and the SEC plans to change the rules requiring protocols to register as exchanges or brokers.
- Since 2015, the CFTC has issued 131 monetary incentives, 45 of them related to digital asset fraud (34% of the total)
- Benham compared the lack of regulation of decentralized finance (DeFi) to "uncertified doctors"
- He called on the US Congress to establish clear rules for cryptocurrencies and expand the powers of the CFTC in this area
- At the same time, laws governing the crypto industry are still being developed in the US, and the SEC plans to change the rules requiring protocols to register as exchanges or brokers.