In a recent CNBC interview, CFTC Chair Rostin Behnam declared most crypto assets as commodities under current law.

Behnam stated that under current laws in the U.S., most crypto assets are considered commodities, a standpoint that sheds light on their regulatory status.

However, Behnam highlighted an ongoing “turf war” among U.S. regulatory bodies, notably between the CFTC and the Securities and Exchange Commission (SEC), over the authority to regulate the cryptocurrency industry. This conflict poses significant challenges in establishing clear regulatory guidelines for digital assets.

Despite these challenges, the U.S. remains a global leader in cryptocurrency alongside countries like Australia and Brazil. Nonetheless, the lack of regulatory clarity and continuous enforcement actions against crypto businesses are discouraging factors for enterprises operating in the region.

Behnam’s views on crypto regulation differ from those of SEC Chair Go to Source to See Full Article
Author: Bralon Hill

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