U.S. CFTC Chairman: I am personally happy to bring the crypto market under the jurisdiction of the CFTC, and some definitions of securities and commodities need to be changed

PANews reported on July 10 that according to Fox Business reporter Eleanor Terrett, Senator Dr. Roger Marshall talked about the power struggle between the U.S. Securities and 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 Chairman Rostin Behnam: "Wouldn't it be simpler if we put the whole thing under the jurisdiction of the Commodity Futures Trading Commission?" Behnam said: "I speak for myself, but I'm happy to do so. I think we have the expertise and the ability." He said that under the system, some changes need to be made to the definition of securities and commodities.

Earlier news, the chairman of the U.S. CFTC stated that if the CFTC does not have regulatory jurisdiction over the crypto market, the market will be at risk.