SEC Chair Gary Gensler contended that the "vast majority" of cryptocurrency tokens on the market are securities subject to SEC regulation.
The CFTC initiated a review of a CFTC Designated Contract Market offering related to "which political party will be in control of each chamber of the U.S. Congress."
The CFTC withdrew no-action relief granted to an event futures market that permitted U.S. persons to make small trades on the outcome of events such as elections.
CFTC Chair Rostin Behnam asserted that the CFTC has the existing authority to regulate digital assets markets and the relevant experience to do so.
CFTC Commissioners Caroline D. Pham and Summer K. Mersinger criticized the CFTC's failure to amend CFTC Rules requiring that derivatives transaction execution facilities comply with specified "core principle" requirements in light of long-standing staff relief.