Former CFTC Chair Calls for Expanded Crypto Regulatory Powers

Rostin Behnam, former chair of the U.S. Commodity Futures Trading Commission (CFTC), has urged for greater regulatory authority to effectively oversee the rapidly growing cryptocurrency market. In a recent statement published by Foresight News, Behnam stressed that current limitations prevent a comprehensive oversight of cryptocurrencies and warned of potential regulatory gaps. He believes that classifying major digital assets like Bitcoin and Ethereum as commodities would allow the CFTC to better address their unique characteristics.