(Kitco News) It is vital to start figuring out which cryptocurrencies are commodities and which are securities, said Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam, pointing to the biggest division between the CFTC and the SEC oversight purviews when it comes to crypto.
Behnam has outlined how the CFTC fits into the crypto space and how the existing framework for commodities can work for Bitcoin and other cryptocurrencies.
"As we see these coins develop and change, I think it's important … to start to draw lines around which coins are commodities and which coins are securities," Behnam said during his panel discussion at Consensus 2022 in Austin on Thursday.
And the sweeping crypto bill developed by U.S. Senators Republican Senator Cynthia Lummis and Democratic Senator Kirsten Gillibrand, unveiled Tuesday, attempts to do just that, Behnam added.
The most talked-about point in the Lummis and Gillibrand crypto bill is that the majority of cryptocurrencies,...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...