CFTC chair defends under-fire crypto bill following FTX debacle

Proposed legislation addresses many of the issues that led to FTX’s failure, Behnam tells Congress

Rostin Behnam
Photo: John Harrington

The top US derivatives regulator has re-iterated his support for a controversial bill on regulating digital assets championed by Sam Bankman-Fried, founder of failed crypto exchange FTX.

Rostin Behnam, chairman of the US Commodity Futures Trading Commission, said legislation introduced in the Senate addresses many of the failures that led to the collapse of FTX, including the misuse of customer funds and the lack of proper risk controls.

“Based on what we know thus far, a lot of the issues

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