Speaking at a Rutgers Law, Wall Street Blockchain Alliance, and Lowenstein Sandler event in Manhattan on Monday, Commodity Futures Trading Commission Chair Rostin Behnam sought to dispel the narrative of a turf war between his agency and the Securities and Exchange Commission.
“It’s a pretty cynical view to suggest two agencies can’t figure it out and work together,” he said to an audience of lawyers and industry leaders.
With crypto legislation stalled in Congress and unlikely to pass with elections looming, the regulators have sparred in a series of public talks and enforcement actions as to where authority lies. In particular, the question of which cryptocurrencies are commodities, and subject to CFTC oversight, as opposed to securities, and subject to SEC oversight, has created a perception of division between the two key agencies.
Source: ‘The million-dollar question’: CFTC chair on regulating crypto alongside the SEC | Fortune
