As the crypto market continues to experience a downturn, debates over how to regulate digital assets are heating up. The United States is no exception, with significant disagreements among politicians and agency chiefs over the best industry regulation approach.
At a recent Bloomberg Podcast called “Odd Lots”, Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam shared his view on crypto rules. Among the topics discussed were what constitutes a security or a commodity, market structure questions, new types of betting markets, and other matters currently facing the CFTC.
One of the major issues facing regulators is determining whether cryptocurrencies should be classified as securities or commodities. This distinction could have significant implications for how digital assets are regulated and the level of oversight they receive. Behnam acknowledged that there is no easy answer to this…
