Odaily Planet Daily News: Rostin Behnam, Chairman of the Commodity Futures Trading Commission (CFTC), expressed his hope to gain the power to regulate cryptocurrencies when he attended the first Senate hearing on the collapse of FTX. Behnam was the only witness at the first Senate hearing on the collapse of FTX. He answered questions about the CFTC's handling of FTX and continued to call for legislation. Behnam said, "We lack the power to fully regulate the digital commodity market. In order to prevent this from happening again, the CFTC must obtain proper authorization from Congress." Behnam believes that even if the US government decides to push the entire industry overseas, digital assets will not disappear, and this risk will inevitably return to the United States through retail or institutional investors. If policymakers establish a federal framework around the market, perform audits on financial disclosures, and prevent customer funds from being mixed with the exchange's own funds, this will attract more crypto companies to move to the United States. Behnam also pointed out that the CFTC is coordinating its investigation of FTX with the SEC.