Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam recently stated that 70 to 80% of cryptocurrencies are not securities, a statement that could significantly impact the future of crypto regulation. Behnam's assertion comes as lawmakers get closer to passing comprehensive legislation. Highlights CFTC Chair Behnam claims % of crypto tokens are non-securities, challenging SEC's stance. This bold claim could ease ongoing industry regulatory disputes and potentially shift the balance of power in the ongoing debate over which agency – the CFTC or the SEC – should primarily regulate the digital asset space.

At a Senate Committee hearing, CFTC Chair Behnam stated that 70 to 80% of cryptocurrencies are not securities. This aligns with his previous statements and reinforces the idea that many crypto assets should be classified as commodities rather than securities. The CFTC chairman expressed confidence in the agency’s ability to regulate crypto markets but stressed the need for a new regime with clear rules defining commodities. Illinois court confirms Bitcoin and Ethereum as commodities, further bolstering this argument for those specific cryptocurrencies.

CFTC Chair Behnam states % of crypto assets are not securities, easing industry regulatory disputes. Behnam advocates for CFTC’s full oversight of crypto, highlighting the agency’s expertise in regulating commodity markets and its suitability for overseeing a large portion of the crypto landscape. As lawmakers get closer to passing comprehensive legislation, CFTC chairman Rostin Behnam has advocated for additional financing and regulatory authority to the CFTC. This additional authority, he argues, is crucial for effectively monitoring and regulating the ever-evolving crypto market and protecting investors without stifling innovation.

The debate over whether cryptocurrencies are securities or commodities is critical because it determines which regulatory agency has jurisdiction. If a cryptocurrency is deemed a security, it falls under the purview of the Securities and Exchange Commission (SEC). If it's a commodity, the CFTC takes the lead. Behnam’s consistent assertion that 70-80% of cryptocurrencies are not securities positions the CFTC to play a significant role in the future regulation of the crypto industry.