CFTC Chair Behnam says agency preparing rulemaking in risks for ‘new market structures’, prediction markets | Headlines | News | CoinMarketCap
03/12/2024 22:46
The Commodity Futures Trading Commission (CFTC) plans to introduce new regulatory proposals during the summer to manage the potential risks and …
The Commodity Futures Trading Commission (CFTC) plans to introduce new regulatory proposals during the summer to manage the potential risks and conflicts of interest arising in vertically integrated business models.
These models, where a single company controls multiple levels of its supply chain or operations, have raised concerns even within the cryptocurrency industry.
In prepared remarks on Tuesday at a Futures Industry Association conference in Florida, CFTC Chair Rostin Behnam said he expected the commission to consider a proposal in the coming months after receiving comments on "the impact of affiliations of certain CFTC-regulated entities."
"I was not surprised that by last summer, vertical integration, an outgrowth of electronification and DeFi, had grown," Behnam …