CFTC CHAIR CLAIMS MOST CRYPTOCURRENCIES ARE COMMODITIES, ADMITS THERE'S A 'TURF WAR' GOING ON OVER CRYPTO

Summary from the TLDR Crypto newsletter

The Chairman of the CFTC, Rostin Behnam, recently stated on CNBC that most crypto assets could be categorized as commodities under current laws. He also noted a regulatory "turf war" between the CFTC and the SEC over jurisdiction of the crypto industry. This debate has blocked progress in creating clear guidelines for digital assets and the broader crypto industry.