CFTC chair Rostin Behnam emphasized the need for updated legislation in the crypto sphere at the Financial Industry Association Expo 2023 in Chicago. He highlighted the $6 billion collected in penalties in fiscal year 2023, with 45 enforcement actions involving digital asset misconduct. Behnam also discussed the precedent-setting litigation against Ooki DAO, resulting in its closure and a $643,542 penalty. He noted the limits in the Commodity Exchange Act (CEA) create barriers to necessary rulemakings and policy, calling for additional authority in the crypto space.