The chairman of the U.S. Commodity Futures and Trading Commission (CFTC), Rostin Behnam, believes that the agency will eventually have a more prominent role in overseeing cryptocurrency trading. In his last public remarks before stepping down, Behnam discussed concerns related to customer protection, fraud, and market abuse in the absence of federal legislation. He urged the crypto industry to protect investors and emphasized the importance of regulation in ensuring financial innovations are compliant and provide legal certainty. Behnam's views contrast with those of the chairman of the Securities and Exchange Commission (SEC), Gary Gensler, who believes that enforcement is necessary to deal with crypto businesses. While a successor for Behnam has not yet been announced, President-elect Donald Trump has nominated former SEC Commissioner Paul Atkins to replace Gensler.



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