Odaily Planet Daily News - The outgoing chairman of the U.S. Commodity Futures Trading Commission (CFTC), Rostin Behnam, has once again called on Congress to fill the regulatory gap in cryptocurrency. He stated that even after stepping down as chairman, he will continue to advocate for the CFTC to advance this initiative. When a reporter from the Wall Street Journal later asked about the situation in the new year, Behnam mentioned that cryptocurrency legislation takes time and referred to the new composition of the presidential administration and Congress. He pointed out that legislation will take six to ten months, and the subsequent rule-making by federal agencies will take about a year. He also noted that the acting chairman will play a role in future regulatory changes. During presidential transitions, the acting chairman typically leads the agency temporarily until they are appointed as chairman or someone else takes over. Behnam stated, 'I do believe the acting head will change the regulatory approach from day one; current committee members have been discussing sandboxing and creating environments where cryptocurrency participants can essentially do business without worrying about enforcement or regulation because it is a controlled environment.' He added that the legislative efforts made by lawmakers, including Debbie Stabenow and Patrick McHenry, are 'not perfect' but are still good initiatives, stating, 'I believe the status quo, the existing regulations we currently have, cannot solve the problem.' (The Block)