[Rostin Behnam: Crypto Regulation without Clarity Act Lacks Clear Regulatory Boundaries]
According to Cointelegraph, the U.S. House Financial Services Committee is advancing the Crypto Regulation without Clarity Act. CFTC Chairman Rostin Behnam criticized the bill for failing to establish clear regulatory boundaries, pointing out that the bill leaves too much ambiguity in the division of authority, which will lead to inconsistent enforcement standards among regulatory agencies, increase compliance costs, and heighten market uncertainty. Rostin Behnam emphasized that resolving regulatory discrepancies requires Congress to draft clear legal provisions, rather than delegating enforcement authority to federal agencies.
