In his final speech, CFTC Chair Rostin Behnam emphasized the necessity of regulating the cryptocurrency market, urging Congress to expedite necessary legislative actions. Despite stepping down, he remains committed to influencing the regulatory landscape, advocating for the Commodity Futures Trading Commission’s role in filling regulatory gaps left by the existing system.

Rostin Behnam predicts that establishing a comprehensive crypto regulatory framework could take six to ten months, with an additional year required for federal agencies to implement corresponding rules. The introduction of a new presidential administration could shift the regulatory approach significantly, suggesting an evolving framework for the crypto industry.

Behnam acknowledged that ongoing legislative efforts, though not without flaw, represent meaningful steps towards regulation. His tenure involved advocating for federal-level attention to crypto issues, securing actions against MAJOR industry players. These actions underscore the ongoing necessity for stricter guidelines and recognition of the complexities inherent within the digital asset industry.