CFTC Chair Focuses on DeFi Regulation
Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam emphasized the need for DeFi regulation in a recent speech.
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Comparing unregulated DeFi to “unlicensed physicians,” Behnam stressed the importance of proactive oversight to prevent customer harm. He criticized the idea of waiting for victims to suffer before taking action, stating that it undermines the CFTC's mission.
Ian McGinley, the CFTC's Enforcement Director, also labeled unregulated DeFi exchanges as “an obvious threat.”
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