CFTC’s Chairman Believes Stablecoins Should Be Controlled by the Regulator

Rostin Behnam, the Chairman of the Commodity Futures Trading Commission (CFTC), has expressed his belief that stablecoins and Ether (ETH) should be regulated by his department.

Last October, he called for the CFTC to have greater control over the digital asset market and advocated for Bitcoin and Ether to be considered securities.

This week, in the Senate, Behnam has stressed that stablecoins should be seen as commodities and thus be regulated by the CFTC.

In contrast, the head of the SEC, Gary Gensler, believes that other digital assets, other than Bitcoin, should be classified as securities and be regulated using existing US laws.

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