CFTC Acting Chair: ‘Nearly 60%’ of Cryptos Are Commodities

Another U.S. regulator has entered the arena, trying to be the top crypto cop on the beat.

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This episode is sponsored by NYDIG.

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On today’s episode, NLW does an extended brief, covering:

The CFTC Chair arguing for more power to regulate crypto
Comments from the FDIC chair saying that banks need to be allowed to participate in crypto markets
The latest CBDC efforts from Europe and Nigeria
Bakkt hooks up with Mastercard
A bitcoin ETF news roundup
Robinhood down badly in crypto revenue for Q3

“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Exit” by Isaac Joel. Image credit: wenjin chen/DigitalVision Vectors/Getty Images, modified by CoinDesk.

HOSTS

Nathaniel Whittemore

NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.