According to the statements of the Chairman of the US Commodity Futures Trading Commission (CFTC), an event similar to the collapse of FTX may occur in the cryptocurrency industry.
CFTC Chairman Rostin Behnam called on the Senate Banking Committee to take legal measures to protect cryptocurrency investors in December 2022.
Speaking at a conference at Georgetown University, Behnam said he has since been legally any changes He answered the question whether or not:
“Ultimately the answer to this question is no, nothing has changed and we may find ourselves in a situation similar to FTX again.”
CFTC Chairman, however in the cryptocurrency market He said it was a big change. “Could a situation similar to FTX occur?” Behnam said, “I don’t want to say never, but the dynamics and the atmosphere in the market are very different from what they were a year ago, let alone two or three years ago.” he added.
Behnam, who thinks that the CFTC is not authorized enough to intervene in the cryptocurrency market, said in the past, “We did not have the authority to comprehensively regulate the digital commodity market. “We need to get proper authorization from Congress to make sure this doesn’t happen again.” he said.