The continued discussion about the need for a comprehensive U.S. regulatory framework to identify opportunities and risks within the rapidly growing Bitcoin sector has caught the attention of the wider public.

Rostin Behnam, chairman of the Commodity Futures Trading Commission (CFTC), said recently that proper regulation of the cryptocurrency space could have significant positive effects on market growth, particularly for bitcoin.

"Growth might occur if we have a well-regulated space," Behnam said during his appearance at New York University School of Law.

Behnam also said, "Bitcoin might double in price if there's a CFTC-regulated market," which made headlines around the globe. His comments aren't surprising given that he has emphasized the need for regulatory clarity in the Bitcoin market several times before.