The CFTC chairman will resign on the day of Trump's inauguration and stated that the regulation of digital assets is still insufficient

2025-01-07 18:07:14

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ChainCatcher news, according to the Financial Times, CFTC Chairman Rostin Behnam will resign from his position on January 20, the day of President Donald Trump's inauguration, and will officially leave office on February 7.

Behnam is concerned that regulation of digital assets, including Bitcoin and other cryptocurrencies, remains insufficient. Behnam stated, "There is still a significant portion of the digital asset space that is unregulated within the U.S. regulatory framework, and given the adoption we are seeing from some traditional financial institutions and the enormous demand from retail and institutional investors for these products, it is very important to fill this gap."

He noted that the CFTC is still "well positioned to become the spot regulator for digital commodity assets."

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