U.S. CFTC Chairman: "The Key to Virtual Asset Market Structure Legislation Is Consumer Bankruptcy Protection"
JH Kim
Summary
- Rostin Behnam, Chairman of the U.S. CFTC, stated that the key issue in the virtual asset market structure bill (CLARITY) is bankruptcy protection.
- He said that a consumer protection provision must be included in the bill.
- He emphasized the importance of consumer bankruptcy protection when investing in virtual assets.
According to Eleanor Terrett, host of Crypto in America, on the 24th (local time), Rostin Behnam, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), attended a hearing of the Digital Assets Subcommittee and stated, "The core consumer protection provision that must be included in the virtual asset (cryptocurrency) market structure bill (CLARITY) is bankruptcy protection."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
