Rostin Behnam, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), emphasized the necessity for a clear regulatory framework in the burgeoning cryptocurrency market during a recent podcast interview with the Intercontinental Exchange (ICE) Aug. 14.

Expressing concerns about the industry’s current ambiguity and vulnerability to potential fraud and manipulation, Behnam stated, “The market seems to want some kind of regulatory framework.”

These comments come as institutional interest in cryptocurrency is on the rise, and market participants seek clarity. “You can predict that institutional demand will likely increase if there is a clear regulatory framework,” he noted. Behnam’s emphasis was on institutions and individual …