The U.S. Commodity Futures Trading Commission (CFTC), an independent federal regulatory agency created by Congress, has called for federal legislation to regulate cryptocurrency, considering the public's growing optimism for digital assets and the apparent surge in the value of Bitcoin and other cryptocurrencies.
CFTC Chair Rostin Behnam told the U.S. House Committee on Agriculture Wednesday that new market structures also require fresh legislation, "especially" in terms of protecting consumers from financial crimes such as fraud and money laundering, as per the agency release of Behnam's testimony.
