๐Ÿšจ 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 ๐Ÿ’ฐ

- Behnam believes ~70% of cryptocurrencies should be designated as commodities ๐Ÿ“Š

- Urges Congress to establish definitive regulations for digital assets and expand CFTC's jurisdiction ๐Ÿ›๏ธ

- Stresses the importance of regulating decentralized finance (defi) to avoid "unlicensed doctors" in the industry ๐Ÿฉบ

What are your thoughts on the need for crypto regulations? Share your opinions in the comments below! ๐Ÿ’ฌ๐Ÿ‘‡