🚨 Attention crypto enthusiasts! The US Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) could clash over the recent action against cryptocurrency exchange KuCoin. The CFTC accused KuCoin of violating the Commodity Exchange Act and CFTC regulations, but Commissioner Caroline Pham suggests this could encroach on the SEC's authority 😱

- Pham claims that the CFTC is confusing financial instruments with financial activities, which could undermine investor protection.

- The dispute centers on whether Ether (ETH) should be considered a commodity or a security.

- The SEC's decision on ETH could affect ETF applications in process.

What do you think? Should the CFTC or SEC regulate cryptocurrencies? Comment below! 👇