In a recent statement, CFTC Chairman Rostin Behnam declared that 70-80% of cryptocurrencies are not securities, a viewpoint aimed at easing longstanding regulatory disputes within the industry.

Behnam emphasised the need for the CFTC to assume full oversight of the crypto market to streamline regulations, advocating for a clearer distinction between commodities and securities.

This stance contrasts sharply with SEC Chairman Gary Gensler's position, who contends that most cryptocurrencies should be classified as securities.

A recent court ruling supporting the CFTC's view reinforced Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), and selected altcoins as commodities, underscoring the ongoing regulatory complexity in the digital asset space.