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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here