Action Is Needed To Regulate Crypto Assets That Are Not Securities, Says CTFC’s New Chairman – The Daily Hodl

The new Chairman of the Commodities Trading Futures Commission (CTFC) says that crypto assets that are not considered securities need comprehensive legislation. In a new government press release, Chair Rostin Behnam says there remains a gap in the regulation of crypto cash markets of non-security digital assets and that the CFTC is “well positioned” to fill the void. Behnam goes on to say that regulations are needed to prevent catastrophic failures like we saw in 2022 and keep customers safe. According to Behnam, 2022 being a tumultuous year for virtual assets filled with bankruptcies and fraud allegations only reaffirms the