CFTC Needs Authority for Crypto Regulation – Former Chair Behnam

Former Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam argues that cryptocurrencies remain unregulated unless the CFTC is granted expanded authority. In an interview on Bloomberg TV, Behnam stated that existing law designates several leading cryptocurrencies as commodities, effectively shielding them from regulatory oversight by the SEC. He also highlighted the CFTC’s current limitations in regulating crypto due to its focus on derivatives rather than cash markets in digital assets.