"Double in Price- Bitcoin"- CFTC Chairman Behnam

"Double in Price- Bitcoin"- CFTC Chairman Behnam

A clear regulatory framework would give institutional investors more reassurance and motivate them to become more interested in the space- As Behnam

CFTC chairman Rostin Behnam opined Wednesday that crypto will attract a lot of institutional inflow if there is a regulatory structure.

"The regulatory clarity could pave the way for institutional investors to enter the market." - Behnam.

According to him, placing crypto regulation under his agency’s jurisdiction would be good for the industry and might even lead to its growth.

CFTC chairman Rostin Behnam showed support for the bipartisan bill that seeks to enable CFTC to regulate Cryptocurriencies.

"CFTC's budgets is curently too limited to effectively monitor the crypto industry."- Behnam