- CFTC Chairman Rostin Behnam makes intriguing statements about the future of the crypto market.
- Behnam predicts another sanction cycle in the crypto space within the next 6 to 24 months.
- He acknowledges the legitimacy of the crypto asset class, but expects more sanction action due to lack of regulatory clarity.
Chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, shares insights on the future of the crypto market, predicting another sanction cycle and discussing the issue of regulatory clarity.
Behnam Forecasts Another Sanction Cycle
During a recent conference, CFTC Chairman Rostin Behnam made some interesting remarks about the future of the crypto market. He predicts that we will witness another sanction cycle in the crypto space within the next 6 to 24 months. According to Behnam, this is due to the lack of a regulatory framework for the crypto sector, the appreciation of assets, and renewed interest from individual investors and entrepreneurs.
Behnam on the Sustainability of Digital Assets
Behnam also spoke about the sustainability of digital assets, stating, “This asset class has a sustainability. It’s clear that there has been growth in the last six months, despite what happened in 2022.”
Behnam Discusses Crypto Legislation
On the topic of crypto legislation, Behnam revealed that bipartisan discussions are currently ongoing. “Bipartisan discussions are happening… it’s happening slowly but naturally and it’s still ongoing,” he said.
Expectation of More Sanction Action
Despite acknowledging the legitimacy of the crypto asset class, Behnam expects more sanction action due to the lack of regulatory clarity. He stated that when the legitimacy of this asset class is set aside, he expects more sanction action due to the lack of regulatory clarity.
Conclusion
In conclusion, while Behnam acknowledges the growth and legitimacy of the crypto market, he also highlights the need for more regulatory clarity. He predicts another sanction cycle in the crypto space in the near future, which is something investors and stakeholders in the crypto market should be aware of.
