According to Cointelegraph, Rostin Behnam, the chairman of the Commodity Futures Trading Commission (CFTC) in the United States, will step down on January 20. In a speech at the Brookings Institution, he stated that the expansion of the crypto industry into traditional financial institutions poses challenges due to a lack of comprehensive regulation. Behnam plans to continue advocating for filling regulatory gaps after his departure in February. He noted that the crypto era highlights the need to adjust the rules of the derivatives industry to address new issues brought by new products. At the same time, Gary Gensler, the chairman of the Securities and Exchange Commission (SEC), also plans to step down on January 20. He stated that the crypto space is rife with bad actors, and regulation still needs to be strengthened. Trump plans to nominate former SEC commissioner Paul Atkins to replace Gensler.
