CFTC Chair Behnam walks fine line during Congress’ first FTX hearing
After crypto exchange behemoth FTX imploded in a matter of days, the chair of the Commodities Futures Trading Commission walked a fine line in continuing his call for the same legislation Sam Bankman-Fried lobbied for as a means to prevent future failures. “We lacked the authority to comprehensively regulate the digital commodity market,” Behnam said.