“We have to evolve with markets. We have to evolve with technology,' CFTC Chief Rostin Behnam said of his agency potentially overseeing crypto spot markets at Consensus2022. jesseahamilton reports
A key aspect of that effort, Behnam said, is the power it gives the CFTC to assess fees from the industry, which would fund growth and recruiting at the agency.
“It allows us to essentially do our job,” he said. “We have to evolve with markets. We have to evolve with technology.” The recent meltdown of TerraUSD has emphasized the need for regulation, Behnam said, noting the “terrific fall in price” of the algorithmic stablecoin. “It validates what has been said, what I’ve said, for the past couple of years,” he said. “We need to put guardrails around the space.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CFTC chair eyes disclosures to curb energy consumption in Bitcoin miningWith the right and accurate disclosures, Benham said he expects people will move away from energy consumptive behavior.
Read more »
IMF recommends eco-friendly CBDCs and non-PoW mechanisms for paymentsThe IMF also acknowledged the high energy efficiency brought about by non-PoW, permissioned crypto assets when compared to the traditional financial systems.
Read more »
Fate of A's in Oakland could come down to 450 'affordable' apartmentsDave Kaval, John Fisher and the A’s may skip town rather than build affordable housing in Oakland.
Read more »
Virtu Sees Crypto Market-Making Opportunity, Has Little Confidence in Incumbents, CEO Says.VirtuFinancial's CEO Dougielarge spoke about the opportunity to build a crypto marketplace with citsecurities, mikeybellusci reports.
Read more »
CFTC chair eyes disclosures to curb energy consumption in Bitcoin miningWith the right and accurate disclosures, Benham said he expects people will move away from energy consumptive behavior.
Read more »