According to Queen Telegraph, in an July 7 interview with his predecessor Jim Newsom, Tarbert was keen to define the difference between the work of the CFTC and its older regulatory sister, the Securities Commission. Finance and stock exchanges.
Tarbert explained that determining whether a digital asset is a guarantee is the sole responsibility of the Securities and Exchange Commission. If it is challenged that it is not a security, we can start taking it under our responsibility.
He continued: Once you start seeing more clarity about whether or not something is a security, you will start to see more futures listed in Digital assets.
Currently, both Bitcoin and Ethereum are classified as commodities in the United States, which is why both futures contracts are legally available in the country - in the case of Ethereum , Since May only.
Tarbert also expressed interest in expanding this list today and in the past, but this is still an open question.
While Tarbert pointed out that it was important for the United States to lead the technology, especially Blockchain technology, he was not satisfied with the country's current frameworks.
Responding to a question from Newsom about whether the United States is leading the world in regulation, Tarbert said: I don't think I can say we are leaders in organizational terms. But I think we are technologically leaders.
However, Tarbert emphasized that digital assets are a particularly difficult area to write laws because they cross borders easily, where he said: Organizers and governors care about borders but technology does not. . So for this field to reach its full potential, we need international cooperation.
