Gary Gensler (SEC), Chairman of the U.S. Securities and Exchange Commission, has signaled that Congress will support greater powers to the U.S. Commodity Futures Trading Commission (CFTC) to oversee certain cryptocurrencies such as Bitcoin.
SEC Head of Gensler September 8 In his speech at an industry conference on of the CFTC “insecure crypto” to the extent it needs to control and regulate assets to more authority He said he looks forward to working with Congress to
2009-2014 Served as Chairman of the CFTC during the interim gensscope of the SEC as long as it is not narrowed Working with Congress you will be pleased stated.
The ongoing political conflict between the SEC and the CFTC over which agency should regulate digital assets in favor of the CFTC seems to continue. Securities status of most cryptocurrencies not carrying some cryptocurrencies, such as Bitcoin and Ethereum, while removing them from the scope of the SEC. viewed as a commodity Have the CFTC audit them makes it reasonable. In addition, due to the fact that many cryptocurrency exchanges have futures trading platforms, the CFTC seems to be competent in many points in this area.
It was the first time that the political strife between them was made public. From the Coinbase case Then, despite the SEC’s aggressive moves, the CFTC stays close to getting what it wants thanks to crypto lobbyists. Senate Agriculture Committee, which oversees the CFTC. Legislation that will include Bitcoin and Ethereum under the CFTC preparations continue.