Bitcoin Signal from CFTC Chairman: “BTC Price May Double!”

in the USA Bitcoin (BTC) and cryptocurrencies It remains unclear which regulatory body will be under its control.

USA Commodity Futures Trading Commission (CFTC) Thinking that Bitcoin and cryptocurrencies should be regulated by him SEC He argues that most cryptocurrencies are securities and should be under his control.

The SEC only acknowledges that Bitcoin is a commodity and may be under the scrutiny of the CFTC.

Speaking about Bitcoin at the event at NYU Law School Rostin Behnam, Chairman of the CFTC, If Bitcoin is traded on a CFTC regulated market could double the price told.

“Bitcoin price could double if there is a crypto market regulated by the CFTC.

Also, it will be for the crypto industry to bring the regulation of Bitcoin and cryptocurrencies under the jurisdiction of the CFTC. Because if we have a well-organized area, growth can happen.

And a clear regulatory framework in crypto can pave the way for institutional investors to enter the market.”

Constantly championing the market’s need for regulatory clarity, the head of the CFTC said that regulation towards crypto is not a bad thing.

Behnam, “Non-bank cryptocurrencies are good at regulation, they thrive on regulatory certainty. They might say otherwise, they might argue about the type of editing, but what they like best is editing because they are the smartest, fastest, and have the best resources. With these features, they can beat anyone on the market.” said.

As will be remembered Senate Agriculture CommitteeIn July Bitcoin (BTC) and introduced a bill that the CFTC should regulate cryptocurrencies.

This bill includes the two largest cryptocurrencies, Bitcoin and Ethereum (ETH) qualifying them as digital commodities, giving the CFTC the authority to provide direct oversight of these assets.