Former CFTC Chairman: The cryptocurrency market needs supervision to grow

According to Cointelegraph, on May 2, Gary Gensler, former chairman of the US Commodity Futures Trading Commission (CFTC), said at the blockchain business event held at the Massachusetts Institute of Technology that the cryptocurrency market needs regulation to grow because consumers must be protected. . When it comes to the perception of services and products such as hosting and Bitcoin ETFs, Gensler believes that in order to keep the market prosperous and growth possible, investors should know that in the market manipulation or loss of private keys, the law also applies to investors and Consumers are protected.