Former CFTC Chairman: If CFTC's Authority Is Not Expanded, the Crypto Market Will Continue to Lack Regulation

ChainCatcher news, according to Bloomberg, former Chairman of the Commodity Futures Trading Commission (CFTC) Rostin Behnam recently stated, "Unless the CFTC is given greater regulatory authority, the crypto market will remain unregulated." He supports the long-standing view of the crypto industry that cryptocurrencies are commodities, pointing out that under current law, major tokens including Bitcoin and Ethereum are considered commodities, and the SEC has no jurisdiction over these tokens.