CFTC Clashes With the SEC on Crypto Regulations

Krutika Adani

CFTC’s Statement

According to CFTC Chair Rostin Behnam, 70%—80% of cryptocurrencies were not securities.

SEC’s Quest for Power

The SEC has kept prosecuting major crypto companies to extend its power. MetaMask, Lido, Rocketpool, and Uniswap are the latest victims, among several others.

What the Law Says

Per the FIT-21 law, decentralized cryptocurrencies would be governed by the SEC, while centralized ones would be under the SEC’s authority.

Learn more