The Chairman of the US Commodity Futures Contracts Commission (CFTC) wants the CFTC to be given more power over regulation of the cryptocurrency market.
Speaking before the Senate committee today, Rostin Behnam said as the CFTC due to current restrictions. that they cannot audit the cryptocurrency market in sufficient detail. told.
According to Behnam’s statements, the CFTC should provide the institution with a comprehensive oversight of the cryptocurrency market every year. extra $112 million budget needs to be recognized.
The current annual budget of the CFTC, 320 million dollars level.
Competition between the SEC and the CFTC continues over which institution will oversee the cryptocurrency market.
SEC Chairman Gensler, in his statements today, several different institutions inspected by some that inconsistencies may occur. expressed.