CFTC Chairman: CFTC has the ability to fill the regulatory gap in the cryptocurrency sector

ChainCatcher news, CFTC Chairman Rostin Behnam spoke at the American Bar Association conference, stating that the turbulence in the cryptocurrency market indicates that regulators need to take action. If Congress were to choose, the CFTC is currently "well-positioned" to fill the regulatory gaps in the cryptocurrency market. An increase in the CFTC's budget will help support the expansion of its enforcement and oversight teams. The current cryptocurrency ecosystem is vast and will not disappear; comprehensive legislation is needed, and the CFTC will continue to work with new stakeholders.