Crypto vulnerable if CFTC not given authority, says ex-chair Behnam

Cointelegraph.com NewsFormer Commodity Futures Trading Commission Chair Rostin Behnam has said the crypto market will remain unregulated unless the agency he led is given greater authority.In a May 28 Bloomberg TV interview, Behnam sided with the crypto industry on its long-standing argument that cryptocurrencies are commodities.“If you look at existing law, the few largest tokens are commodities, which means the SEC… 

​Former Commodity Futures Trading Commission Chair Rostin Behnam has said the crypto market will remain unregulated unless the agency he led is given greater authority.In a May 28 Bloomberg TV interview, Behnam sided with the crypto industry on its long-standing argument that cryptocurrencies are commodities.“If you look at existing law, the few largest tokens are commodities, which means the SEC…