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Commodity Futures Trading Commission Chairman Rostin Behnam tells the Senate Agriculture Committee in prepared testimony that initial evidence suggests that in the collapse of the broader FTX universe CFTC regulations are working to ensure that those registered with the CFTC are in a position to protect customers and continue market operations, the lesson that a clear, thoughtful, comprehensive regulation works to protect customers and prevent the type of events that have befallen the other FTX entities, the answer to recent questions comprehensive market regulation whereas CFTC lacked authority to comprehensively regulate the digital commodity market and to prevent this from happening again must be provided appropriate authority by Congress without which gaps would remain in a federal regulatory framework even if other regulators act within their existing law.