Sen. Durbin Questions CFTC’s Crypto Regulatory Capacity Post-FIT21: https://yakihonne.s3.ap-east-1.amazonaws.com/953281df0361f1a7ff836841c2b978b8d606b035e7d07b8d148c72e50b4d78a7/files/1718357788093-YAKIHONNES3.jpg 
During a Senate Appropriations subcommittee hearing held on June 13, Senator Dick Durbin, D-Ill., questioned CFTC Chair Rostin Behnam and SEC Chair Gary Gensler on the CFTC’s ability to regulate the crypto sector effectively.

The hearing also addressed broader concerns about the adequacy of current regulatory frameworks and the potential impact on the crypto industry’s growth and compliance. 

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 During a hearing on Thursday, Senator Dick Durbin expressed doubts about the Commodity Futures Trading Commission's (CFTC) ability to effectively regulate the cryptocurrency industry following the passage of the Financial Innovation and Technology for the 21st Century Act (FIT21) in the House of Representatives