Anticipating Regulatory Shifts: CFTC Chair Foresees Increased Crypto Crackdowns Impacting Bitcoin (BTC) and Altcoins in the Next 6-24 Months

• CFTC Chairman Rostin Behnam has hinted at more crypto regulation through crackdowns in the next 6-12 months.
• This follows the SEC’s Wells Notice to Robinhood’s crypto business, Robinhood Crypto.
• Behnam is advocating for comprehensive crypto regulation from Congress.

Expect more crypto regulation crackdowns in the next 6-12 months, says CFTC Chairman Rostin Behnam, following the SEC’s Wells Notice to Robinhood Crypto. Behnam is urging Congress for comprehensive crypto regulation.

More Enforcement Actions Predicted by CFTC Chairman

The digital currency ecosystem in the United States is under increased scrutiny from regulators, with many enforcements introduced in the past year. CFTC Chairman Rostin Behnam has indicated that more crackdowns are on the horizon.

Robinhood Crackdown Might Not End Crypto Regulation Push

According to Fox Business Correspondent Eleanor Terrett, Behnam anticipates a new cycle of enforcement actions in the cryptocurrency space within the next 6 to 24 months. The crackdown began with Robinhood, as the U.S. Securities and Exchange Commission (SEC) issued a Wells Notice for its crypto business, Robinhood Crypto. The SEC alleges violations of Sections 15(a) and 17A of the Securities Exchange Act, potentially leading to a civil injunctive action, public administrative proceeding, and possibly a cease-and-desist proceeding against the crypto trading platform.

Behnam Advocates for Comprehensive Crypto Regulation

Last month, Behnam urged lawmakers to pass crypto regulation legislation. This regulation is projected to protect American investors and ensure the stability of the financial market. The CFTC chairman hopes to increase the commission’s oversight of digital assets. This demand from Behnam has more underto... Read the full article for FREE at COINOTAG!