Rostin Behnam, the outgoing chairman of the U.S. Commodity Futures Trading Commission (CFTC), has once again called on Congress to fill gaps in cryptocurrency regulation. He said he would continue to advocate for the CFTC to move forward with the move even if he no longer serves as chairman. When a Wall Street Journal reporter later asked what the new year would bring, Behnam said cryptocurrency legislation would take time, citing the new presidential administration and the new makeup of Congress. He noted that legislation will take six to 10 months and subsequent rulemaking by federal agencies will take a year. It also said the acting chairman would play a role in future regulatory shifts. In presidential administration changes, acting chairs often lead the agency temporarily until they are named chair or someone else takes over. Behnam said: "I do think the acting head will change the regulatory approach on day one, and current committee members have been talking about sandboxes and creating environments where cryptocurrency players can basically conduct business without having to worry about enforcement or regulation," Behnam said. Because it's a controlled environment. It added that the legislative efforts by lawmakers including Debbie Stabenow and Patrick McHenry were "not flawless," but were still good steps, and I don't think the status quo, the existing regulations we're currently in, is going to solve the problem.