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CFTC Predicts Growth of Cryptocurrencies in Coming Years

May 6, 2024

America's CFTC, a prominent financial regulator dealing with commodities and linked to cryptocurrencies, has a stance different from the SEC on crypto regulation. According to Behnam, chairman of the CFTC, the next 6-24 months might see significant growth in cryptocurrencies even in the absence of strict regulations. This growth, where cryptos increase in value and attract more individual investors, could lead to new sanction cycles.

Behnam's views suggest that the CFTC could take further action in this area, especially as the SEC continues to file lawsuits against cryptocurrency firms, viewing many altcoins as securities or investment contracts. As legal challenges in the US economy persist, crypto companies are resilient and victories against the SEC in court could pave the way for more freedom and opportunities, such as the possibility of ETFs.

The article was originally posted on COINTURK NEWS.

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