“A standstill”: the CFTC Chairman spoke on crypto market regulations

The Commodity Futures Trading Commission (CFTC) cannot guarantee that it will secure the interests of crypto investors, as stated by CFTC Chairman Rostin Behnam. He acknowledges that the crypto market regulation talks have come to a standstill.

According to Behnam, the CTFC is “handcuffed,” meaning its capacity to regulate the crypto market is limited because “efforts to adopt a legislative framework regulating the digital asset industry have stalled out so far.”

Interestingly, earlier, the US Securities and Exchange Commission (SEC) determined its examination priorities for the upcoming year. One key focus will be spot BTC and ETH-ETF.

Behnam believes a new Congress and president could speed up the processes affecting the implementation of regulations.

“I’m not betting on anything happening necessarily at the end of the year, but there’s a unique appetite that this election, I think, has changed around digital assets and technology,” he noted.

In addition, Behnam reveals that the CFTC plans to adopt new technologies, such as artificial intelligence, to detect market manipulations and hacker attacks.