CFTC Chair Calls for Expanded Authority to Regulate Crypto Market

Former Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam emphasized the need for congressional action to fully regulate the U.S. cryptocurrency market, arguing that it remains largely unregulated unless lawmakers grant the CFTC more authority. He cited Bitcoin and Ether as examples of digital assets classified as commodities due to their derivatives-focused nature, highlighting the SEC’s limited jurisdiction over these tokens.