The CFTC's changed role could include regulating cryptocurrency exchanges and spot markets that deal with digital assets considered commodities, such as bitcoin and Ether, Fox Business reported.
President-elect Donald Trump and a future administration could give the Commodity Futures Trading Commission the ability to regulate some #digital assets, Fox Business reported, citing people familiar with the matter.
The CFTC's changed role could include regulating #cryptocurrency exchanges and spot markets where digital assets are treated as commodities, such as #bitcoin and ether, undermining the SEC's authority to regulate the industry, Fox Business continues.
Outgoing SEC Chairman Gary Gensler has supported the idea that the CFTC should be given the authority to regulate bitcoin, which he says is a commodity. On March 3 this year, the CFTC called ether a commodity in a complaint against #cryptocurrency exchange kucoin.
Read us at: Compass Investments
