One of the speakers at the Global Milken Conference, where the world’s important financial people gathered, was Rostin Behnam, the chairman of the CFTC, one of the important regulator institutions of the USA.

Stating that he thinks the crypto world will be put under more pressure by regulators in the coming period, Behnam used the following statements:

“Without a regulatory framework, without that transparency, without those tools that we typically use as regulators, you are going to continue to see this fraud and manipulation. And putting aside the legitimacy and where this technology may go and what role it might play in our economy and commerce, the internet, digital assets generally… we just have to think about things from a regulatory and consumer protection standpoint. And I think that needs to be our guiding light in terms of driving this conversation, filling these regulatory gaps and creating this framework that’s ultimately going to protect American investors.”

“There’s obviously been a growth over the past six months”

The CFTC chairman also claimed that there is common ground between members of the US Congress on cryptocurrencies and said that the investor base is growing despite all that has happened:

“There’s a sustainability to this asset class. There’s obviously been a growth over the past six months. And obviously, we have to deal with a lot of bad events from 2022 that scarred the industry……but the fact of the matter is even though or despite what happened in 2022, here we find ourselves with a growing market, growing capital investment and growing market capitalization and I think a renewed interest by a lot of the entrepreneurs.”