Biden’s pick for CFTC chair wants the agency to be a ‘beat cop’ with the authority to oversee 60% of digital asset market By Cointelegraph

Appearing chairperson of the Commodity Futures Buying and selling Fee, or CFTC, Rostin Behnam has likened the federal government company’s enforcement of the digital asset house to a beat cop on obligation.

At a Wednesday listening to of the US Senate Committee on Agriculture, Diet, and Forestry to imagine his place on a everlasting foundation, Behnam informed chairperson Debbie Stabenow the CFTC has been “aggressively pursuing enforcement circumstances” within the crypto house for a while, together with its $100 million case in opposition to crypto derivatives trade BitMEX and the $42.5 million in fines it levied in opposition to and Bitfinex. Nonetheless, he requested that the committee contemplate increasing the authority of the CFTC, given the rising digital asset market.