US CFTC Chairman Behnam Speaks

Thank you for inviting me to speak with you this morning. Today will be my last official remarks as the CFTC’s 15th Chairman. It is too early to fully process and articulate in a salient way what the last seven years have meant for me. I can say, without hesitation, that I approached every part of my job with the utmost focus and care. I have always prioritized, above all else, our mission critical oversight and enforcement duties aimed at protecting customers and supporting reliable and resilient markets. Within our largely static ...

After the U.S. Commodity Futures Trading Commission's court defeat last week in the agency's pursuit of Kalshi's election contracts, the regulator's chairman, Rostin Behnam, said it will still keep pursuing the case against what it continues to contend is illegal activity. "This is a situation that we think is against the law," Behnam said at a financial policy event at Georgetown University's Psaros Center for Financial Markets and Policy. "We will continue to make that case." Federal Judge Jia Cobb of the District of Columbia court ...

CFTC Chairman Behnam says an Illinois court confirmed that $BTC and $ETH are digital commodities under the Commodity Exchange Act. Behnam says 70-80% of the crypto market are non-securities.

Chairwoman Stabenow, Ranking Member Boozman, and members of the Committee, thank you for the opportunity to appear before you today as Chairman of the Commodity Futures Trading Commission (CFTC or Agency) to discuss the state of the digital asset commodity market. Before I begin, I would like to recognize and thank my fellow CFTC Commissioners and CFTC staff for their dedication and commitment to serving the American public. State of the Digital Asset Commodity Market During my almost seven-years at the CFTC as both a Commissioner ...

Thank you, Chairman Van Hollen, Ranking Member Hagerty, and members of the Subcommittee. I appreciate the opportunity to testify before you today on the President’s fiscal year 2025 budget request for the Commodity Futures Trading Commission (CFTC or Commission). For over a century, derivatives markets have played a key role in the U.S. economy, promoting economic growth and contributing to financial stability and the predictability of prices that impact the daily lives of all Americans. This October, the CFTC will commemorate its ...

Good afternoon, and thank you, Patrick, for the invitation to join you today. Last week, as a follow-on to IOSCO’s annual meeting in Athens, Greece, I had the opportunity to speak at the Hellenic Republic Capital Commission Conference. My remarks largely focused on the role of financial markets in funding and supporting the transition to a lower-carbon economy.[1] Before I shared some details regarding the Commodity Futures Trading Commission’s (CFTC) role with respect to voluntary carbon credits, I led with some remarks on the ...