SEC has no authority over pure commodities, whether wheat, gold, oil….or crypto assets

SEC has no authority over pure commodities, whether wheat, gold, oil….or crypto assets

Just so we’re all clear here, the SEC has no authority over pure commodities or their trading venues, whether those commodities are wheat, gold, oil….or #crypto assets.
— Brian Quintenz (@CFTCquintenz) August 4, 2021

Aug 4, 2021 4:24pm

Yeah but 99% of "crypto assets" are securities. There are only ~20 sizable coins that are actually commodities.