CFTC Chairman Advocates for an Accelerated Implementation of a Cryptocurrency Legislation

Reading Time: < 1 minute

The Commodity Futures Trading Commission (CFTC) plans to increase its control over the cryptocurrency industry. The head of the department, Rostin Behnam, thinks that in 2023 a new stage in the development of the blockchain industry will begin.

The US authorities will accelerate the implementation of regulatory legislation to ensure the transparency of transactions with digital assets and the safety of traders and companies investing in a new instrument.

Particular attention will be paid to the fight against fraud and manipulation in the market.

He has called on other agencies to join forces with the regulator on crypto regulation.

He has called on Congress to empower the Commodity Futures Trading Commission to oversee crypto transactions.