Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

Up to 80% of Cryptocurrencies Are Not Securities, Says CFTC Chairman

Cryptodnes2024/07/10 16:16
By:Cryptodnes

CFTC Chairman Rustin Benham stated that a significant majority, between 70-80%, of tokens in the cryptocurrency market are not classified as securities.

He also highlighted a recent Illinois court decision affirming Bitcoin and Ethereum as commodities under the Commodity Exchange Act, as reported by Fox News’ Eleanor Terret.

In contrast, SEC Chairman Gary Gensler maintains that a majority of cryptocurrencies should be classified as securities.

Senator Roger Marshall raised the issue of conflicting views between the SEC and CFTC on the regulatory classification of digital assets during discussions with the CFTC chairman.

READ MORE:
Solana Dethrones Ethereum for the First Time

Marshall suggested consolidating oversight of all cryptocurrencies under the CFTC, expressing his support for such a move and believing the agency has the necessary expertise to regulate cryptocurrencies effectively.

He acknowledged the need for adjustments to definitions within the regulatory framework to accommodate this change.

SHARE: SHARES
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Stake to earn
CEC, QTLX, GDV and other popular new coins are in hot progress!
Stake now!