The US Commodity Futures Trading Commission has warned of a “gap” in cryptocurrency regulation and called for increased scrutiny of the political betting market. CFTC Chairman Rostin Behnam said he will step down on January 20 on the day Trump takes office. Behnam said he is concerned that regulation of digital assets is still insufficient: “In the US regulatory system, a large part of the digital asset sector is still unregulated. Given that some traditional financial institutions have already adopted these products, retail and institutional investors are in huge demand for these products, so we must fill this gap.” Behnam believes that many digital tokens are commodities, and it is the agency's “vocation” to monitor the cryptocurrency market. He is also concerned about the legality and social impact of betting on politics and other events, as this new market flourished during the election. He is “very concerned” about contracts relating to elections, assassinations, terrorism, and gambling. As technology and high demand drive the growth of these markets, “the line between legal and illegal will become very blurred.”

The US Commodity Futures Trading Commission has warned of a “gap” in cryptocurrency regulation and called for increased scrutiny of the political betting market. CFTC Chairman Rostin Behnam said he will step down on January 20 on the day Trump takes office. Behnam said he is concerned that regulation of digital assets is still insufficient: “In the US regulatory system, a large part of the digital asset sector is still unregulated. Given that some traditional financial institutions have already adopted these products, retail and institutional investors are in huge demand for these products, so we must fill this gap.” Behnam believes that many digital tokens are commodities, and it is the agency's “vocation” to monitor the cryptocurrency market. He is also concerned about the legality and social impact of betting on politics and other events, as this new market flourished during the election. He is “very concerned” about contracts relating to elections, assassinations, terrorism, and gambling. As technology and high demand drive the growth of these markets, “the line between legal and illegal will become very blurred.”