Climate-Advocate CFTC Chair Wants To Change Bitcoin
In a recent interview, Rostin Behnam revealed that if Lummis-Gillibrand were to be enacted, the CFTC could advocate for a less energy-intensive Bitcoin.Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam seemingly wants to leverage its probable future position as watchdog of the Bitcoin market to encourage a reduction of the peer-to-peer (P2P) currency’s energy use and incentivize consumers to find less energy-intensive alternatives.The regulating agency will oversee Bitcoin if the Lummis-Gillibrand landmark legislation gets approved. The bill, which was introduced yesterday,....
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