CFTC Chairman: Good relationship with SEC, Congress should step in to solve loopholes in encryption supervision

CFTC Chairman Rostin Behnam stated that there are loopholes in US crypto regulation and that Congress should intervene legislatively to address the issue. He pointed out that although many tokens are recognized as commodities, the regulatory environment is still imperfect and called on Congress to take action.
Rostin emphasized that CFTC and SEC have a common interest in protecting the market and financial ecology, and their relationship is good. He did not specifically respond to differences in views on cryptocurrencies with SEC Chairman Gary Gensler.