KEY POINTS
- Ex-CFTC Chair Chris Giancarlo said proper leadership and adequate funding will give the CFTC good ground to start regulating 'digital commodities'
- The CFTC is deemed more moderate in how it views digital assets compared to the SEC under Gary Gensler
- CFTC Chair Behnam admitted last year there was a 'turf war' between the two financial regulators
Oversight of the cryptocurrency industry has long been an established question mark as the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have been claiming jurisdiction, but the new administration under President-elect Donald Trump may set the record straight.
