CFTC chair gloomy over crypto legislation prospects

FIA Boca 2023: Behnam also asks Congress to grant more powers to regulate third-party tech providers

Rostin Behnam_CFTC
Rostin Behnam said the CFTC’s crypto enforcement efforts “speak for themselves”
Photo: John Harrington

US Commodity Futures Trading Commission (CFTC) chairman Rostin Behnam has said he is “not banking” on Congress passing the legislation needed to establish which agency should have the authority to regulate cryptocurrency markets, and he therefore expects to rely on the current tools available to police the asset class for the time being.

In remarks to the press following a speech to the Futures Industry Association in Boca Raton on March 15, Behnam said: “Hopefully something will come out but

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