ICYMI: CFTC chair asks senators for more authority in crypto markets
The leader of the CFTC testified in support of legislation to grant his agency more authority over crypto markets.The Commodity Futures Trading Commission Chair Rostin Behnam told senators Thursday that legislation before the Senate Agriculture Committee would give his agency more insight into how cryptocurrency markets function.
Sen. Dick Durbin asked Behnam how much additional money the regulatory agency would need to more closely regulate digital assets. Durbin, the second-highest ranking Democrat in the Senate, sounded skeptical. “I honestly believe you’re lowballing it,” he responded. Sen. Tina Smith asked Behnam about a potential divide between digital assets “regulated under different regimes” that trade side-by-side on the same platforms.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Merge is 'a step in the right direction' to address crypto's energy usage — Rostin BehnamNot mentioning the Merge by name, the CFTC chair said a report on energy usage would help address crypto's potential environmental impact.
Read more »
CFTC Already Preparing to Be Crypto Watchdog, Behnam Tells US Senators'An event occurred last night with Ethereum which is going to reduce energy consumption. A step in the right direction,' CFTC Chairman CFTCbehnam told SenAmyKlobuchar during his testimony before a U.S. Senate panel, giving a nod to the EthereumMerge.
Read more »
CFTC Already Preparing to Be Crypto Watchdog, Behnam Tells US Senators'An event occurred last night with Ethereum which is going to reduce energy consumption. A step in the right direction,' CFTC Chairman CFTCbehnam told SenAmyKlobuchar during his testimony before a U.S. Senate panel, giving a nod to the EthereumMerge.
Read more »
First Mover Americas: Ethereum Merge Spawns Watch Parties, But 'Jail Kwon' Token Gets More HypePeople are throwing watch parties for the Merge, as ETH trading volume rose to $61 billion on Tuesday, the highest since June 13. Liqquidity and Godbole17 report in First Mover by CoinDesk Markets
Read more »