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CFTC Prepares to Step up Oversight of Crypto Market — Says Many Digital Assets Are Commodities

The Commodity Futures Trading Commission (CFTC) has shared with Congress its plans to regulate the crypto market with “full oversight capabilities” if the proposed Digital Commodities Consumer Protection Act becomes…

Continue ReadingCFTC Prepares to Step up Oversight of Crypto Market — Says Many Digital Assets Are Commodities

Merge is ‘a step in the right direction’ to address crypto’s energy usage — Rostin Behnam

The CFTC chair said that the Ethereum blockchain’s transition to proof-of-stake, despite reducing energy usage by more than 99%, may not go far enough in resolving the problem.

Continue ReadingMerge is ‘a step in the right direction’ to address crypto’s energy usage — Rostin Behnam