According to PANews, Rostin Behnam, the Chairman of the US Commodity Futures Trading Commission, has predicted an increase in enforcement actions due to the rising interest of retail investors and the increasing value of the cryptocurrency market. He made these remarks at the 27th annual global conference of the Milken Institute on May 7th. Behnam anticipates the next 'enforcement action cycle' to occur within the next six months to two years.
Behnam stated, 'From my perspective as a regulator, we may see another enforcement action cycle in the next six to eighteen months or six to twenty-four months. This is due to the cycle of asset appreciation and the interest of retail investors. Without a regulatory framework, without transparency, without the tools we usually use as regulators, you will continue to see this kind of fraud and manipulation.'
During a discussion on Monday, Behnam was asked about the likelihood of completing a stablecoin bill. He responded, 'If we start giving out a percentage, I still think it's quite low.' He referred to the reduced number of legislative days between election seasons and holidays. He added, 'There is a lot of momentum, a lot of desire, I think members and leaders of both sides will make efforts, but it is very difficult to complete legislation today.'
