Digital belongings have created a jurisdictional tug of battle between the U.S. Securities and Trade Fee (SEC) and the Commodity Futures Buying and selling Fee (CFTC) over whether or not cryptocurrencies must be regulated as commodities or securities. On the third imaginary facet of that rope sit those that say cryptocurrencies are neither, and wish new bespoke guidelines.
Whereas the SEC stands its floor that current securities guidelines apply to cryptocurrencies and that no extra rulemaking is required, the fee’s generally selective enforcement actions proceed to gasoline confusion.
