Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam appears to want to use his likely future position as Bitcoin market watchdog to promote a reduction in the energy consumption of peer-to-peer (P2P) currency and encourage consumers to do so to move, find less energy-intensive alternatives.

The regulator will oversee Bitcoin if landmark Lummis-Gillibrand legislation is approved. The bill, introduced yesterday, still has to go through four Senate committees before going to the Senate for a vote.



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