Crypto Regulation: CFTC Chairman Identifies Many Tokens as Commodities

In a recent CNBC Squawk Box interview, Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam made an important statement regarding crypto regulation as it concerns the classification of tokens within the space. Contrary to the stance of Securities and Exchange Commission (SEC) Chairman Gary Gensler, Behnam asserted that “under existing law, many of the tokens constitute commodities.”