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Saturday Nov 15 2025 00:40
2 min
Despite some inherent complexities surrounding the recently proposed crypto market structure bill, a more definitive picture is starting to materialize concerning crypto market oversight, according to Jeff Park, Chief Investment Officer at ProCap BTC.
In an interview with crypto entrepreneur Anthony Pompliano published on Friday, Park stated that "the CFTC will own a larger domain over crypto than the SEC," while acknowledging the "lots of complexity with different stakeholders.""
"I think that is directionally correct in my opinion," he continued. "The CFTC is in the business of financial innovation at large, and it is in the business of managing capital efficiency, leverage and derivatives products," aligning with the crypto industry's development of a new settlement layer enhancing capital efficiency at varying speeds.
Park also noted that treating crypto as a commodity aligns with the market's global nature.
"It makes sense that the CFTC be the regulator who can look at the broader section of global commodities markets and coming up with rulemaking," he elaborated.
This sentiment resonates throughout the crypto industry, particularly after the SEC, under the current administration, has been accused of employing a "regulation-by-enforcement" approach.
"The US is very much onshore regulator for investment securities that Americans are generally accessing, unless you’re going to the different private fund model," Park added.
This follows the introduction of a discussion draft for crypto market structure laws by Senators John Boozman and Cory Booker on Monday.
According to Senator Boozman, "The CFTC is the right agency to regulate spot digital commodity trading, and it is essential to establish clear rules for the emerging crypto market while also protecting consumers."
Park highlighted that this clarity will foster further innovation, including DeFi protocols.
Speculation continues regarding long-term leadership at the CFTC. Michael Selig, currently Chief Counsel for the crypto task force at the SEC, is scheduled to face questioning from senators next week concerning his nomination as Chair of the CFTC.
Caroline Pham, acting Chair of the CFTC, has been the sole commissioner at the agency since September.
Risk Warning: This article is provided for informational purposes only and does not constitute investment advice, investment research, or a recommendation to trade. The views expressed are those of the author and do not necessarily reflect the position of Markets.com. When considering shares, indices, forex (foreign exchange), and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Cryptocurrency CFD trading restrictions may apply depending on jurisdiction.
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