CFTC Chairman: U.S. Cryptocurrency Regulation Stalled, CFTC Faces "Constraints"

ChainCatcher news, according to Cointelegraph, CFTC Chairman Rostin Behnam claimed that as U.S. cryptocurrency regulatory negotiations have stalled, the agency is facing "constraints."

Rostin Behnam stated that efforts to regulate the digital asset industry through a legislative framework have "stalled so far." However, he still believes that the new Congress and president can make more progress.

Rostin Behnam said, "I don't think anything is necessarily going to happen by the end of this year, but I do believe that this election has had a unique impact on digital assets and technology." He added that without any legislation, the agency is "really constrained" in "regulating" the cryptocurrency market, which would put investors "at risk."