Could Bitcoin ‘Double in Price’ Under CFTC Regulation

The crypto business might gain a lot from CFTC-led regulation, which could even raise the price of bitcoin.

Chairman of the Commodity Futures Trading Commission Rostin Behnam remarked during a fireside talk at NYU School of Law

Behnam has constantly advocated that market players require clear regulations.

Behnam said that a clear regulatory framework may open the door for institutional investors to enter the industry.

The US SEC and the CFTC have fought over who should be the industry's primary regulator for years.

Now, a bipartisan bill is introduced to end the controversy.

The CFTC would be designated as the major regulator of the cryptocurrency business under the CFTC oversight bill.

The legislation empowers the agency’s authority to oversee crypto spot markets 

And crypto trading firms must to register with the CFTC (Commodity Futures Trading Commission)