[CFTC Chair Calls on Congress to Advance Cryptocurrency and Election Betting Legislation] Golden Finance reports that Rostin Behnam, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated at the SIFMA annual meeting that he does not expect Congress to take action on cryptocurrency legislation in 2024. He urged Congress to focus on the regulation of crypto assets and election betting issues, emphasizing the importance of these areas. Behnam pointed out that although the FIT21 bill has passed the House, it has not made further progress in Congress. Additionally, the legal dispute between the CFTC and the prediction market Kalshi continues, with Kalshi having begun offering betting services on the U.S. presidential election. The CFTC is working to overturn the court's ruling, seeking to regain regulatory authority in this area.