Rostin Benham, Chairman of the Commodity Futures Trading Commission (CFTC), who is scheduled to step down on the 20th of this month (local time) when the second term of the Trump administration is inaugurated, said that the CFTC will be taking a more important role in the virtual asset market in the future.
On the 8th (local time), Chairman Benham announced that this would be his final statement as CFTC chairman and delivered the following message:
He predicted that "expanding the virtual asset industry to traditional financial institutions will be a challenge for the CFTC in the future." He also said that even after he leaves the CFTC, he will continue to address the gaps in virtual asset-related regulations.
"In the absence of relevant laws, there are concerns about investor protection, fraud cases, and financial stability," Benham said.
"The divide is deepening," he said, "and we must protect investors who are adding virtual assets to their portfolios."
2025/01/09 15:53 KST
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