๐จ 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 ๐ฐ
- Behnam believes ~70% of cryptocurrencies should be designated as commodities ๐
- Urges Congress to establish definitive regulations for digital assets and expand CFTC's jurisdiction ๐๏ธ
- Stresses the importance of regulating decentralized finance (defi) to avoid "unlicensed doctors" in the industry ๐ฉบ
What are your thoughts on the need for crypto regulations? Share your opinions in the comments below! ๐ฌ๐
