The CFTC, a major financial regulator in the US, has connections to cryptocurrencies and sees potential growth in the sector over the next 6-24 months. Despite the SEC wanting the CFTC to stay away from crypto, the CFTC argues that most altcoins are commodities. Recently, Chairman Behnam shared insights on the future of cryptocurrencies.

During an event, Behnam mentioned that cryptocurrencies could see growth without a regulatory framework in the coming months. He highlighted the increasing value of cryptocurrencies and rising interest from individual investors, which could lead to new sanction cycles.

Legal challenges in the crypto industry are on the rise, with the SEC filing lawsuits against numerous cryptocurrency firms, labeling many altcoins as securities. Behnam's statements hint that the CFTC might take action in this area. Despite the challenges in the US economy, crypto companies remain resilient. The legal victories over the SEC in courtrooms could pave the way for more freedom in the industry, potentially opening doors for ETFs.