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This is just a jurisdictional turf war. SEC calls them securities and CFTC calls them commodities. The courts will decide. Re FTX via CFTC: "The complaint char

This is just a jurisdictional turf war. SEC calls them securities and CFTC calls them commodities. The courts will decide. Re FTX via CFTC: "The complaint charges all three defendants with fraud and material misrepresentations in connection with the sale of digital commodities in interstate commerce." https://www.cftc.gov/PressRoom/PressReleases/8638-22 https://www.cftc.gov/PressRoom/PressReleases/8638-22

dragonwriter 4y ago
> This is just a jurisdictional turf war. SEC calls them securities and CFTC calls them commodities. Doesn't seen to be a turf war; SEC seems to be saying the FTT token and direct investment in FTX were securities (and thus, decieving investors in those waa securities fraud), CFTC is saying that the bulk of the crypto traded on FTX were commodities (and thus, decieving people trading in them was commodities fraud), and DoJ—which has included both in the criminal charges as well as each regulatory agency filing civil charges for offenses with their respective civil area of jurisdiction—agrees with both.