Regulation
bt-crow.com
4 h
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Commodity Futures Trading Commission (CFTC) Chairman Rostin Benham said on Wednesday that CFTC-led regulation could have significant benefits for the crypto industry, including a potential appreciation of BTC.
“Growth can happen if we have a well-regulated space. Bitcoin could double in value if there is a CFTC regulated market,” Behnam told attendees during a fireside chat at NYU Law School.
Behnam has consistently advocated for the need to provide market participants with clarity on regulation — something that many in the crypto industry feel is lacking. For years, the CFTC and the US Securities and Exchange Commission (SEC) have been squabbling over their role as the main regulator of the crypto industry.
According to Behnam, a clear regulatory framework can open the way for institutional investors to enter the market, the influx of which “will only occur if a regulatory structure is created around these markets.”
“Non-banking [крипто] institutions thrive on regulation, they thrive on normative certainty, they thrive on a level playing field. And they may say otherwise, they may argue about the type of regulation, but what they love most is regulation because they are the smartest, fastest and most resourced. With these features, they can outperform everyone else on the market,” added Behnam.
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