Gary Gensler, the Chairman of the Securities and Exchange Commission, suggested that he would be in favor of Congress giving the SEC’s “sister” regulator – the CFTC – the power to regulate specific cryptocurrencies like Bitcoin. In recent months, the fight for jurisdiction and oversight over cryptographic assets and markets has intensified as much attention has been drawn to policymakers subsequent to the collapse in crypto prices. Gensler qualified his suggestion by stating he was open to cooperating with lawmakers as long as they didn’t usurp the SEC’s authority.
SEC’s Gensler Signals Support for Commodities Regulator Having Bitcoin Oversight – WSJ
