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On March 29, 2023, the National Futures Association (NFA) announced that NFA Compliance Rule 2‑51: Requirements for Members and Associates Engaged in Activities Involving Digital Asset...
The Commodity Futures Trading Commission charged a group of companies and their person controller with operating an unlicensed futures brokerage company. This implied a digital asset constituted a commodity under the CFTC’s jurisdiction, and not a security under the SEC's.
<p><span>Good morning Chairwoman Stabenow, Ranking Member Boozman, and members of the Committee. I am honored to appear before you today for the first time as Chairman of the Commodity Futures Trading Commission (CFTC). I appreciate the opportunity to share my views on digital assets, and look forward to working with this Committee as we collectively address the many issues related to this emerging technology.</span></p>