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US senators question CFTC's ability to regulate cryptocurrencies after FIT21 is passed
Democratic Senator Dick Durbin of Illinois told a Senate Appropriations subcommittee hearing on Thursday that following the passage of FIT21 by the U.S. House of Representatives, the bill would give the Commodity Futures Trading Commission (CFTC) more power and money to regulate cryptocurrencies, and some lawmakers are concerned that the CFTC "has responsibilities far beyond their capabilities." Durbin asked CFTC Chairperson Rostin Behnam during the hearing: "What exactly makes you think the CFT...
2024-06-13 19:58:30
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