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The outgoing chairperson of the U.S. Commodity Futures Trading Commission (CFTC), Rostin Behnam, has renewed his call for Congress to fill the crypto regulatory void. He said he would continue to advocate for the CFTC to move forward even if he no longer serves as chairperson. When the Wall Street Journal's...
Rostin Behnam, chairperson of the US Commodity Futures Trading Commission (CFTC), will step down as chairperson on January 20 to make way for future appointees to President-elect Donald Trump. In his final public speech at the Brookings Institution this week, he devoted much of his talk to cryptocurrencies and the need to elevate the CFTC as its regulator. Rostin Behnam watch...
Rostin Behnam, chairperson of the US Commodity Futures Trading Commission (CFTC), told SIFMA's annual meeting that Congress is not expected to act on cryptocurrency legislation in 2024. He called on Congress to focus on crypto asset regulation and election betting, stressing the importance of these areas. Behnam pointed out that while the FIT21 bill has passed the House of Representatives, it has failed to make further progress in Congress. In addition, the CFTC's legal dispute with prediction m...
Rostin Behnam, chairperson of the CFTC, told a financial policy event at Georgetown University's Psaros Center for Financial Marekt and Policy that the agency would still investigate prediction market Kalshi. "We believe this is illegal and we will continue to maintain that position," he said. Last week, the US Commodity Futures Trading Commission lost a case against Mr. Kalshi's election contract, with a federal judge in the District of Columbia court ruling that the CFTC exceeded its authority...
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