According to CoinMeta, the chairman of the US CFTC, Rostin Behnam, stated that the proposed regulatory system for crypto assets by CFTC is aimed at protecting exchange customers from fraud, manipulation, and theft of funds. He believes that critics who oppose the introduction of market-based regulation and support maintaining the status quo are actually taking sides with fraudsters, manipulators, and predators, which will lead to the next wave of Sam Bankman - Fried that will harm the American public.