24/7 Cryptocurrency News

CFTC To Regulate Crypto? SEC Chair Drops Hints

SEC Chair mentioned that he accepts sharing a job with the lawmakers as long it doesn’t takes authority from the SEC.
Published by
CFTC To Regulate Crypto? SEC Chair Drops Hints

Securities and Exchange Commission (SEC) Chair Gary Gensler has been under scrutiny for not providing clarity over the crypto regulations. However, speaking at an event Gensler hinted that SEC might be handing some power to Commodity Futures Trading Commission (CFTC) to oversee digital assets.

Advertisement

SEC Chair to share powers?

According to The Wall Street Journal report, SEC Chair said that he looks ahead to working with Congress in order to give some power to CFTC. It might regulate certain digital assets like Bitcoin. He added that the agency needs more authority to supervise and form regulations around the crypto space.

Earlier, Coingape reported that the CFTC is likely to get the upper hand in regulating the Digital assets market against SEC.

However, the SEC Chair led the CFTC from 2009 to 2014. Gensler mentioned that he accepted sharing a job with the lawmakers as long it doesn’t takes authority from the SEC.

SEC Chair highlighted that it is needed to be ensured that we don’t undermine securities law which covers the $100 trillion cap market. He added that US securities laws have made their capital markets the envy of the world.

Advertisement

CFTC to get hold of crypto?

As per the report, Senate Agriculture Committee is looking to pitch the legislation assigning oversight over Bitcoin and Ethereum. As of now, CFTC holds the power to regulate just derivatives like futures and swaps.

CFTC Chair has also asked Congress to pass a law allowing them to regulate cash markets. However, it will include some type of crypto. While providing them with funding to conduct extra oversight.

Meanwhile, SEC Chair’s recent comments hint that his commissions shouldn’t oversee BTC. It has said that other digital assets are securities that fall under its authority.

However, the commission is on a spree of filing lawsuits against crypto exchanges and blockchain firms.

Advertisement

Share
Ashish Kumar

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at ashish@coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

VanEck Registers Lido Staked Ethereum Trust in Delaware, LDO Up 7%

VanEck has formally registered its VanEck Lido Staked Ethereum ETF in Delaware. If approved, this…

October 3, 2025
  • 24/7 Cryptocurrency News

Fed’s Lorie Logan Urges Caution on Further Rate Cuts Citing Inflation Risks

Federal Reserve Bank of Dallas President Lorie Logan is the latest Fed official to share…

October 3, 2025
  • 24/7 Cryptocurrency News

Nasdaq-Listed Fitell Adds Pump.fun’s PUMP To Supplement Solana Treasury

Australia’s Fitell Corporation has purchased 216.8 million PUMP tokens for $1.5 million. The Nasdaq-listed company…

October 3, 2025
  • 24/7 Cryptocurrency News

FG Nexus to Tokenize Stock on Ethereum as SEC Weighs 24/7 Onchain Stock Trading

FG Nexus has announced that it will allow shareholders to convert common stock into tokenized…

October 2, 2025
  • Bitcoin News

Bitcoin Still Undervalued, JPMorgan Forecasts Rally to $165,000

JPMorgan says Bitcoin (BTC) is undervalued compared to gold and could rise to $165,000, giving…

October 2, 2025
  • 24/7 Cryptocurrency News

Breaking: CME to Launch 24/7 Crypto Futures Trading Amid Rising Institutional Demand

Derivatives exchange CME Group has announced plans to begin offering 247/7  crypto futures and options…

October 2, 2025