09.15.22
WASHINGTON – U.S. Senate Majority Whip Dick Durbin (D-IL), today, in a Senate Agriculture, Nutrition, and Forestry Committee hearing, questioned the Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam about financial market stability given the extreme volatility of the crypto market.
“My concern is this: I’m glad we’re talking about regulation. We have to have it. But I worry we are doing enough to salve our conscience, but not doing enough to put up guardrails and stop signs on the crypto express,” Durbin said.
Mr. Behnam agreed that cryptocurrency is disrupting financial markets. He said that while being deliberate and cautious, the CFTC must engage and instill regulatory principles.
Durbin responded, “If you’re serious about regulation of an industry where one in five Americans has invested… and we’re now…
