The United States is facing challenges in establishing clear regulations for cryptocurrencies, with evident disagreements between its main regulatory bodies.
Rostin Behnam, who leads the Commodities Futures Trading Commission (CFTC), recently reaffirmed that under current laws, a majority of cryptocurrencies are classified as commodities. He pointed out there is a regulatory tug-of-war, especially between the Securities and Exchange Commission (SEC) and CFTC, on who should oversee the digital assets space.