Regulation is on the way, and crypto will be all the better for it
Join Our Telegram channel to stay up to date on breaking news coverage The ongoing debate over the need for a comprehensive U.S. regulatory framework to identify opportunities and risks in the rapidly growing Bitcoin sector has piqued the public’s interest. The Commodity Futures Trading Commission (CFTC) chairman, Rostin Behnam, recently stated that proper regulation of the cryptocurrency space could have significant positive effects on market growth, particularly for bitcoin. “Growth may occur if we have a well-regulated space,” Behnam said at New York University School of Law. Behnam also stated, “Bitcoin’s price may double if there is a CFTC-regulated market,” which made headlines around the world. His remarks are unsurprising given that he has previously emphasized the importance of regulatory clarity in the Bitcoin market. The SEC and CFTC must collaborate Representatives from the Senate Agriculture Committee, which oversees the CFTC...