US regulator warns of oversight ‘gap’ on cryptocurrencies

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Financial Times 1d ago

US regulator warns of oversight ‘gap’ on cryptocurrencies - Financial Times

Quick Summary:

Behnam called on his successor to bring a “renewed focus” to the issue, “so that we have more clear cut lines of what we view as permissible and impermissible”.

Behnam said he supported “comprehensive, strong regulation” for digital assets.

The CFTC in 2023 barred Kalshi, a retail-focused futures market, from offering contracts that allowed investors to bet on congressional elections.