TechFlow news, according to The Block, U.S. Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam said today at a conference at Georgetown University that "nothing has changed" nearly a year after the collapse of cryptocurrency exchange FTX, and that similar incidents could happen again. He also stated that the crypto market has undergone significant changes since the start of the pandemic.
Behnam urged the Senate Banking Committee in December 2022 for legislators to swiftly implement regulatory measures to establish safeguards and risk prevention. He emphasized that without action, the cryptocurrency market would remain unsafe for investors and could pose even greater risks.
Behnam noted that the CFTC lacks comprehensive authority to regulate digital commodity markets, stressing that Congress must grant the necessary regulatory powers to prevent such events from recurring.
