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Outgoing CFTC Chair Rostin Behnam, in his final remarks, urged for stronger cryptocurrency regulation, highlighting the risks posed by the merging of digital assets with traditional finance. He emphasized the need for clearer rules and warned that legislative progress could take six to ten months, followed by a year for rulemaking. Behnam's advocacy for regulatory oversight continues as he prepares to leave office, amid broader calls for reform from other financial regulators.
CFTC Chairman Rostin Behnam will resign on January 20, with his departure from the commission set for February 7. During his tenure, he pushed for the agency to become the primary regulator of Bitcoin and cryptocurrency exchanges, although legislative efforts to expand its authority were unsuccessful. The next chair will face challenges in regulating digital assets and event contracts amid a shifting political landscape.
CFTC Chairman Rostin Behnam will resign on January 20, with his departure from the commission set for February 7. Behnam, who advocated for the CFTC to oversee Bitcoin regulation, noted the agency's challenges in managing new markets and asset classes during his tenure. The next chair will face the task of regulating digital assets and political prediction markets amid ongoing legal uncertainties.
Kamala Harris is intensifying her attacks on Donald Trump’s authoritarian rhetoric, but some Democrats in Michigan worry this focus may alienate voters more concerned about the economy. Activists argue that emphasizing Trump’s threats to democracy distracts from Harris’ strengths, particularly on abortion rights and economic issues. As concerns grow about her messaging, Harris is shifting back to economic topics while continuing to highlight the risks posed by a potential second Trump term.
Debbie Stabenow
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