The chairman of the Commodity Futures Trading Commission (CFTC) is scheduled to step down on January 20, coinciding with President-elect Trump's inauguration, leaving a vacancy in the federal regulator's position. financial times It was reported on Tuesday.
Rostin Behnum led the CFTC for four years, leading new mandates on carbon offsets and tracking the burgeoning crypto sector that the second Trump administration promised to promote.
In an interview with the Financial Times, Vesnam warned about the lack of guidelines regarding digital assets.
“There is a large area of digital assets that is still unregulated in the U.S. regulatory system, with limited adoption by some traditional financial institutions and significant demand for these products by both retail and institutional investors. Importantly, we bridge this gap, given the current demand,” Behnam told the Financial Times.
The outgoing CFTC chairman said the CFTC is well-positioned as a “spot regulator” of “digital commodity assets.”
“It's important to be very disciplined and intentional about how you create the rules that are ultimately legal,” he said.
President-elect Trump has vowed to make the US the “crypto capital” of the world, with Donald Trump Jr. headlining the recent Bitcoin conference and helping run the virtual currency trading platform World Liberty Financial. I promise to do it.
Whoever replaces Mr. Bennum could become a key figure in Mr. Trump's cryptocurrency efforts, along with Paul Atkins, whom Mr. Trump selected to head the Securities and Exchange Commission.
The US has collected about $5 billion worth of confiscated bitcoins. According to ForbesBut some cryptocurrency proponents want a more intentional effort to build a strategic stockpile of digital assets.
