The SEC’s sister agency in policing the U.S. markets, the Commodity Futures and Trading Commission (CFTC), has taken a strong pro-legislation position, arguing that existing law leaves a hole in oversight of the crypto spot markets for non-securities, such as bitcoin (BTC). CFTC Chairman Rostin Behnam has told lawmakers that “Congress needs to act” on crypto legislation, and he’s said that if FIT21 passes, his agency can build a regulatory framework within 12 months. A CFTC spokesperson told CoinDesk on Tuesday that the agency would not comment on the bill.
Michael Saylor Rejects Schiff’s ‘MSTR Crash’ Claims, Citing 36% Annualized Returns in Bitcoin Era
Despite the Easter weekend, the crypto market remains actively traded, and the discussion around it does not stop for a...
