CFTC Chairman Appreciates Ethereum Merge But….

Ethereum (ETH) The long-awaited Merge merger in the network has been successfully completed today.

For this reason, the Merge merger is on the agenda of crypto market experts and investors.

While Merge continues to be talked about, finally Rostin Behnam, Chairman of the U.S. Commodity Futures Trading Commission (CFTC) also evaluated the ETH Merge merger.

Speaking to the Senate Agriculture Committee today, Behnam Ethereum of the blockchain PoS He said that transitioning to the system could help reduce energy use.

However crypto- A regulation is still needed to solve the problem in the industry.

In her speech to the committee, the CFTC chair was asked a question from Minnesota Senator Amy Klobuchar about the environmental impact of the energy required in mining cryptocurrencies.

Behnam answered this question as follows:

“We’ve all heard of the research and statistics that an incredible amount of energy is used when mining cryptocurrencies.

However, I can say that an event occurred last night that will reduce energy consumption with Ethereum.

The Merge merger on the Ethereum network is a step in the right direction, but it certainly does not solve the energy problem.”

Behnam also spoke to the CFTC in his speech to the Senate Agriculture Committee. cryptocurrency stated that it has instructed to begin preparing to become the major regulator for the majority of the market.