U.S. regulators don’t have any more authority now to head off another major crypto collapse than they did when FTX imploded and took much of the industry with it, said Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam.
“Nothing has changed, and we could be in a position where another FTX-type event happens,” Behnam said Wednesday at the Financial Markets Quality Conference 2023 at Georgetown University. However, he noted that the crypto investing enthusiasm has calmed since the months before FTX, and “the market environment is much, much different today than it was a year ago.”
Source: U.S. CFTC Chief: Nothing Changed After FTX Meltdown to Empower Agency to Prevent Repeat
