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