CFTC and SEC chairs may disagree over whether ether is a security
The head of the Commodity Futures Trading Commission, Chair Rostin Behnam, suggested on a panel this morning that he and Securities and Exchange Commission Chair Gary Gensler may not see eye-to-eye on the cryptocurrency's definition, which would determine which agency has more power over it.
Behnam also noted that, while the SEC and CFTC are both members of the Financial Stability Oversight Council, that council focused on systemic stability rather than defining jurisdictions in recommending Congress grant regulators expanded oversight and rulemaking power in digital asset spot markets. Behnam and Gensler both sit on the super committee of regulators, which Behnam described as not the place.
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