U.S. CFTC Chairman: Personally, I am very willing to place the crypto market under CFTC jurisdiction

ChainCatcher news, according to Fox Business reporter Eleanor Terrett, U.S. Senator Dr. Roger Marshall discussed the power struggle between the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) regarding which digital assets are securities and which are commodities.

Marshall asked CFTC Chairman Rostin Behnam, "Wouldn't it be simpler if we put the whole thing under the jurisdiction of the U.S. Commodity Futures Trading Commission?"

Behnam responded, "I speak for myself, but I would be happy to do so. I believe we have the expertise and capability. Under that framework, some changes need to be made to the definitions of securities and commodities."