The CFTC has announced more regulatory actions against crypto projects.

🇺🇸 US CFTC Chairman Rostin Behnam predicts a surge in regulatory enforcement within the next 6-24 months due to the growing crypto market and the current uncertain regulatory climate. 👀He emphasizes the need for Congress to act, especially regarding #Stablecoins regulation, but notes the challenges in passing legislation.

✔️ Meanwhile, #Robinhood and Consensys have received Wells notices from the SEC, indicating possible enforcement actions related to their crypto operations. This points to heightened regulatory scrutiny as agencies like the SEC and #CFTC navigate their roles in overseeing the crypto space.🧐

#CryptoWatchMay2024 #BTC