tldr; CFTC Chairman Rostin Behnam is scheduled to testify before the Senate Agriculture Committee on a bill that would regulate trading of crypto assets including bitcoin.
I feel more government oversight will be a double edged sword. We will see more bureaucracy/red-tape which can be a pain to navigate. But, the oversight should help prevent similar situations like FTX.
i can almost hear them rubbing their hands together
Excellent
Crypto land of the free?.....Lawmakers be like this is our playground!
Just like everything else in life
tldr; CFTC Chairman Rostin Behnam is scheduled to testify before the Senate Agriculture Committee on a bill that would regulate trading of crypto assets including bitcoin.
Good bot
"FTX had acquired a U.S. exchange, LedgerX, which is registered with the CFTC to offer bitcoin and ether derivatives to traders."
SBF wanted regulation. it's almost like he was planted to get this done.
I feel more government oversight will be a double edged sword. We will see more bureaucracy/red-tape which can be a pain to navigate. But, the oversight should help prevent similar situations like FTX.