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Fox reporter: US CFTC chairperson willing to bring crypto market under CFTC jurisdiction

2024-07-11 05:45:50
According to Fox Business reporter Eleanor Terrett, U.S. Senator Roger Marshall talked about the power struggle between the Securities Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) to determine which digital assets are securities and which are commodities. Marshall asked CFTC chairperson Rostin Behnam, "Wouldn't it be simpler if we put the whole thing under the jurisdiction of the CFTC?" Behnam said. "I speak for myself, but I'm happy to do it. I think we have the expertise and the ability." He said, "There need to be some changes to the definition of securities and commodities under that regime."