The head of the U.S. Commodity Futures Trading Commission (CFTC) says financial regulators around the world should coordinate to effectively oversee the crypto industry.
In a new interview with CNBC, CFTC Chair Rostin Behnam calls for international coordination among financial regulators to protect customers and ensure market stability in the crypto space.
“It’s a huge issue. Gary [Gensler, the U.S. Securities and Exchange Commission (SEC) chairman], and I participate in a lot of multilateral organizations with other jurisdictions and crypto and crypto regulation has been a high priority for several years right now. You’re right, the sort of borderless nature of the technology makes it even harder than traditional financial markets, whether it’s on the securities side or the derivatives side.
Certainly swaps markets