Commodity Futures Trading Commission chair, Rostin Behnam, has urged Congress to address the regulation of cryptocurrency and election betting legislation.
What Happened: Behnam made these remarks during the Securities Industry and Financial Markets Association’s annual meeting Monday, as reported by The Block. He stated that the CFTC views event contracts on elections as illegal, and such offerings put the agency in a tough spot as an “election cop.”
“This is a classic area where I think Congress should actually weigh in,” Behnam said.
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