CFTC Chairman: Crypto Regulation in the US Has Stalled 🚧
- Rostin Benham, head of the CFTC, said the agency is "hands tied" due to the lack of legislation to regulate the crypto market.
- At the annual SIFMA meeting, he noted that efforts to create a legal framework for digital assets have not yet been successful.
- Benham is confident that the new Congress and the president will be able to move forward on this issue.
- Without legislation, investors remain vulnerable, and institutional money is on the sidelines.