U.S. Commodity Futures Trading Commission Chairman Rostin Behnam has announced his resignation effective January 20, coinciding with the inauguration of President-elect Donald Trump. This departure marks the end of Behnam's leadership alongside Securities and Exchange Commission Chair Gary Gensler, leaving both top U.S. market regulatory positions available for the incoming administration. Behnam stated that his tenure focused on modernizing the CFTC and engaging with new entrants to support market innovation. The CFTC is poised to take on new regulatory responsibilities concerning crypto spot markets, including bitcoin trading. Behnam's successor is expected to navigate these emerging regulations, reflecting a shift towards potentially more robust oversight of the digital asset sector. During his leadership, the CFTC has been viewed as more accommodating toward the crypto industry compared to the SEC, despite some criticism surrounding its regulation of digital asset firms.

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