U.S. CFTC Chairman: Digital Asset Technology Unique, Forcing CFTC to Focus on New Issues Around Its Cybersecurity and Operational Resilience

July 10 (Bloomberg) -- Senator Sherrod Brown asked U.S. Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam what the CFTC has learned from past cryptocurrency frauds, according to Fox Business reporter Eleanor Terrett.Behnam said the technology behind digital assets is "very different" from traditional asset classes "very unique and different," "which forces the agency to ask us different questions around cybersecurity and operational resilience."

The news comes on the heels of earlier today's news that the chairman of the U.S. CFTC said that an Illinois court has confirmed that BTC and ETH are digital commodities under the Commodity Exchange Act, and that 70-80 percent of the cryptocurrency market is non-securities-based.