U.S. CFTC Chairman: A wave of cryptocurrency enforcement actions is expected within the next six months to two years

ChainCatcher news, according to The Block, Rostin Behnam, chairman of the Commodity Futures Trading Commission (CFTC), stated during a chat at the 27th Annual Global Conference of the Milken Institute that he expects the next "enforcement action cycle" to occur within the next six months to two years.

Behnam said, "From my perspective as a regulator, we may see another round of enforcement action cycles in the next six to eighteen months or six to twenty-four months, due to this cycle of asset appreciation and retail investor interest. Without a regulatory framework, without transparency, and without these tools that we as regulators typically use, you will continue to see this kind of fraud and manipulation."