Are tomatoes a fruit or a vegetable? The current debate over digital assets appears to limit the discussion to such a question. Are digital assets fruits or vegetables (securities or commodities)? Are they money (stablecoins) or something else, like art (NFTs)? Are these the right questions? Perhaps the inquiry should not be over the categorization of digital assets, but how best to regulate them.
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President Joseph R. Biden sent nominations to the Senate to fill key regulatory positions.
The Senate confirmed Rostin Behnam as Chair of the CFTC. President Joseph R. Biden will nominate Summer Mersinger and Caroline Pham to serve as CFTC commissioners.
President Joseph R. Biden will nominate CFTC Commissioner Rostin Behnam to serve as the new CFTC Chair. He also named new nominees to serve as Commissioners on the CFTC and FTC.