US Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam expressed concerns about spot Bitcoin ETFs.
CFTC Chairman, both individual and institutional investors spot Bitcoin ETFs cryptocurrencies because they are approved is truly inspected He stated that he might think that this poses a risk.
Behnam said Congress has not yet authorized any agency to oversee cash markets in the cryptocurrency space.
Behnam, “Concerns about the digital asset commodity spot market that I have been publicly expressing for the better part of six years have only increased. “There has never been a greater need for legislation at the federal level for the cash market in digital assets, and I will continue to call for action.” said.
CFTC Chairman, conflict of interest Cash markets in the field of crypto money, touching on issues such as “opaque and inconsistent” He stated that there was no mechanism to keep its structure under control.