Commissioner Stump outlines the CFTC's authority in crypto markets — and its limits
August 23, 2021, 2:24PM EDT
1 min read
In an August 23 statement, Dawn Stump, commissioner of the Commodity Futures Trading Commission, looked to dispel misunderstandings and misconceptions surrounding the CFTC's authority in crypto markets.
"The CFTC does not regulate commodities (regardless of whether or not they are securities); rather, it regulates derivatives—and this is true for digital assets just as for any other asset class," said Stump.
Stump particularly focused on "the Fallacy of the Question, 'Is it a Commodity or a Security?'" when it comes to digital assets. It's a subject that has come to the foreground at the CFTC and sister agency, the Securities and Exchange Commission.
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