Rostin Behnam, Chairman of the US Commodity Futures Trading Commission (CFTC), recently cryptocurrency He made a statement about the future of the market.
He says he predicts we will witness another enforcement cycle in the crypto space in the next 6 to 24 months. According to Behnam, this is due to the lack of a regulatory framework for the cryptocurrency sector, the appreciation of assets and the renewed interest of individual investors and entrepreneurs.
Behnam also said about the sustainability of digital assets: “This asset class has sustainability. “It is clear that there has been growth in the last six months, despite what is happening in 2022.”
On the subject of crypto legislation, Behnam explained that bipartisan discussions are currently ongoing. “Bipartisan discussions are happening…it’s been happening slowly but naturally, and it’s still going on,” he said.
Although Behnam acknowledges the legitimacy of the crypto asset class, he expects further enforcement actions due to a lack of regulatory clarity. Behnam noted that “given the legitimacy of this asset class aside,” he expects there to be further enforcement action due to a lack of regulatory clarity.
At the end of his speech, Behnam acknowledged that the market is growing and said: “Despite what happened in 2022, we have a growing market…”
*This is not investment advice.
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