CFTC Chief Signals More Crypto Scrutiny Coming From Watchdog (1)

The US’s top derivatives regulator is signaling that the Commodity Futures Trading Commission will step up its crackdown of misconduct in crypto markets.

“Make no mistake: we will use all levers at our disposal, and all relevant authorities to continue rooting out fraud and manipulation,” CFTC Chairman Rostin Behnam said Monday in remarks

Rostin Behnam, chairman of US Commodity Futures Trading Commission, speaks during the CoinDesk 2022 Consensus Festival in Austin, Texas, US, on Thursday, June 9, 2022. The festival showcases all sides of the blockchain, crypto, NFT, and Web 3 ecosystems, and their wide-reaching effect on commerce, culture, and communities.

Photographer: Jordan Vonderhaar/Bloomberg

Behnam also said the patchwork of rules in the US is “increasingly proving inadequate” for the fast-growing digital assets space. He said the agency will keep using its enforcement power and “think creatively about our existing regulatory authority” to protect consumers.

The CFTC chairman has previously ...