The CFTC is evaluating the risks associated with clearing US Treasuries in foreign markets, a decision that could affect Cantor Fitzgerald"s plans to rival CME Group. Chairman Rostin Behnam noted ongoing collaboration with the Treasury Department, following concerns raised by Senator Dick Durbin about potential threats to the stability of US sovereign-debt markets.
CFTC Chairman Rostin Behnam addressed the ongoing legal challenges surrounding event contracts on U.S. elections during his speech at DC Fintech Week. The agency is appealing a court ruling that allows Kalshi to offer such contracts, maintaining its stance against their legality. Behnam also emphasized the urgent need for federal legislation to establish a regulatory framework for digital assets to protect consumers from scams and ensure market integrity.
The US Commodity Futures Trading Commission (CFTC) is facing challenges following a court ruling that legalized contracts for betting on election outcomes. Chairman Rostin Behnam stated the agency will regulate these derivatives while appealing the decision, asserting that such enforcement may exceed its authority.
CFTC Chairman Rostin Behnam announced plans to appeal a ruling that permits Americans to use derivatives for betting on U.S. elections. He also addressed the regulatory challenges posed by cryptocurrencies during his appearance on "Balance of Power." [Source](https://www.bloomberg.com)
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