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3232CFTC Prepares to Step up Oversight of Crypto Market — Says Many Digital Assets Are Commodities
https://www.digit.info/cftc-prepares-to-step-up-oversight-of-crypto-market-says-many-digital-assets-are-commodities/
Mon, 19 Sep 2022 00:30:24 +0000https://www.digit.info/2022/09/19/cftc-prepares-to-step-up-oversight-of-crypto-market-says-many-digital-assets-are-commodities/Read more]]>The Commodity Futures Trading Commission (CFTC) has shared with Congress its plans to regulate the crypto market with “full oversight capabilities” if the proposed Digital Commodities Consumer Protection Act becomes law. The regulator claims to have the right experience and expertise and believes that “Many digital assets constitute commodities.” Meanwhile, SEC Chairman Gary Gensler has […]
]]>US Lawmakers Urge SEC and CFTC to Create Joint Working Group on Crypto Regulation
https://www.digit.info/us-lawmakers-urge-sec-and-cftc-to-create-joint-working-group-on-crypto-regulation/
Tue, 17 Aug 2021 16:30:09 +0000https://www.digit.info/2021/08/17/us-lawmakers-urge-sec-and-cftc-to-create-joint-working-group-on-crypto-regulation/Read more]]>Two U.S. lawmakers have urged the chairman of the Securities and Exchange Commission (SEC) and the acting chairman of the Commodity Futures Trading Commission (CFTC) to establish a joint working group for the regulation of crypto assets. SEC and CFTC Urged to Collaborate on Crypto Regulation U.S. Representatives Patrick McHenry and Glenn “GT” Thompson sent […]
]]>SEC Has No Authority Over Pure Commodities Like Crypto Assets, Says CFTC Commissioner
https://www.digit.info/sec-has-no-authority-over-pure-commodities-like-crypto-assets-says-cftc-commissioner/
Thu, 05 Aug 2021 02:48:09 +0000https://www.digit.info/2021/08/05/sec-has-no-authority-over-pure-commodities-like-crypto-assets-says-cftc-commissioner/Read more]]>Both the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have claimed jurisdiction over the crypto industry. A CFTC commissioner clarified that pure commodities, including crypto assets, or their trading venues are not regulated by the SEC. Regulation of Crypto Assets by SEC and CFTC A commissioner with the U.S. […]