And on Monday, Securities and Exchange Commission Chairman Gary Gensler called for greater cooperation between Washington’s financial regulators when it comes to cryptocurrencies.
He said that most cryptocurrencies are securities, so the SEC should team up with the Commodity Futures Trading Commission to regulate them.
The head of the CFTC, Rostin Behnam, told the US Senate in February that his organization is prepared to embrace the challenges of the crypto sector.
“The CFTC is well situated to play an increasingly central role in overseeing the cash digital asset commodity market,” Behnam said.
