'Resignation Pending' Rostin Behnam, US CFTC Chairman, "Virtual Assets Need Elevation to Regulatory Agencies"

Rostin Behnam, the chairman of the US Commodity Futures Trading Commission (CFTC), who is set to resign on January 20 (local time), stated in a speech that "there is a high possibility that the CFTC will play a more significant role in overseeing virtual asset (cryptocurrency) trading in the future," and "I will continue to support this." According to virtual asset specialist media CoinDesk on the 8th (local time), he said, "During my term, virtual assets have dominated all seasons," and "in the absence of relevant federal laws, concerns about customer protection, increasing cases of fraud and market abuse, broad market resilience, and even financial stability are intensifying." He continued, "We must protect investors who have shown a willingness to add virtual asset products to their portfolios," and "regulatory agencies must protect investors amidst financial innovation and provide legal certainty. I do not prefer an enforcement-centered approach," he added. Meanwhile, this is Rostin Behnam's last official speech before his resignation. His successor has not yet been named.