He would say that because he wants jurisdiction. His argument appears to be "let's just sunk-cost our way through instead of actually doing the correct thing."

He would say that because he wants jurisdiction. His argument appears to be "let's just sunk-cost our way through instead of actually doing the correct thing." > “It’s been listed on CFTC exchanges for quite some time, and for that reason,” said Behnam, who argued that it creates a “direct jurisdictional hook” for the agency to police both ETH’s derivatives market and underlying market. Either way they're literally only talking about ETH, which is again, clearly a security as following their framework, nothing else has a long history of being listed on a CFTC exchange. But I digress.