TechFlow reports that CFTC Chairman Behnam expressed concerns over the approval of spot Bitcoin exchange-traded funds (ETFs) and called for new regulations.
He warned that regulatory approval could introduce risks, emphasizing the need for federal-level regulatory oversight of digital assets in the cash market.
Previously, the SEC has approved the first batch of Bitcoin ETFs, with trading activity reaching tens of billions of dollars. Behnam highlighted growing concerns over the digital asset market over the years, stressing the urgent need to establish federal regulatory laws.
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