ChainCatcher reported that according to Fox Business reporter Eleanor Terrett, U.S. 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 just brought the whole thing under the jurisdiction of the CFTC?”

“I’m speaking for myself, but I’m happy to do so,” Behnam said. “I think we have the expertise and the capability. There need to be some changes to the definition of securities and commodities under the regime.”