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Ooki DAO Case So ‘Egregious,’ CFTC Had No Choice, Chair Behnam Says

Behnam has been pursuing a much longer reach for his agency in crypto, asking that Congress give it power to oversee the spot market for digital commodity tokens. That’s a favored idea in more than one piece of legislation introduced this year, but the bills will likely have to wait for the next Congress after November’s midterm elections (and the bills themselves don’t always clearly define where the CFTC’s jurisdiction might begin and end).