Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
U.S. CFTC Chairman: Spot Bitcoin ETFs will bring risks and federal legislation is urgently needed

U.S. CFTC Chairman: Spot Bitcoin ETFs will bring risks and federal legislation is urgently needed

CointimeCointime2024/01/27 03:38
By:Cointime

Rostin Behnam, the Chairman of the US Commodity Futures Trading Commission (CFTC), expressed his concerns about the risks that the recently approved spot Bitcoin ETF product may bring during an event held by the American Bar Association today. He once again called for federal legislation to regulate cryptocurrencies. Behnam said, "I am concerned that the regulatory approval of Bitcoin ETPs may bring risks. Retail and institutional investors may mistake the technical approval of the product for actual regulation of cash commodity digital assets. The need for federal legislation has never been more urgent, and I will continue to call for action." Behnam also stated that there are currently no good measures to "address the opaque and inconsistent practices in the cash markets of digital assets" regarding conflicts of interest and customer protection issues.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Meta Eyes Stablecoin Payments After Crypto Hiatus

Meta plans to integrate stablecoin payments into its apps, marking a return to crypto after three years.Why Meta Is Betting on Stablecoins

Coinomedia2025/05/09 14:00
Meta Eyes Stablecoin Payments After Crypto Hiatus

Best New Meme Coins to Invest in Now: Troller Cat Set to Jump 20% as Notcoin Holds Ground and Degen Surges

Troller Cat presale surges with ROI projections, while Notcoin and Degen trend in meme coin circles. Learn why these are the best new meme coins to invest in now..Unlocking Massive 69% APY Staking Rewards–Why Troller Cat Is One of the Best New Meme Coins to Invest in NowTelegram’s Favorite Token? Notcoin Climbs as Volume Jumps 13.5%$DEGEN Rally Accelerates With 76% Spike in Daily Trading Activity

Coinomedia2025/05/09 14:00
Best New Meme Coins to Invest in Now: Troller Cat Set to Jump 20% as Notcoin Holds Ground and Degen Surges