The SEC has tried for years to classify crypto tokens — with little movement. Now, the Senate wants to take a crack at it. The move is legally sound, experts say, but there’s no guarantee it will succeed. Sens. Debbie Stabenow, D-Mich., and John Boozman, R-Ark., introduced the Digital Commodities Consumer Protection Act on Wednesday. The proposed legislation suggests that the CFTC should control crypto spot markets, specifically bitcoin and ether, which the bill classifies as commodities. The notion highlights an ongoing power struggle between the SEC and CFTC over how cryptoassets are classified — and by whom. “You ... (full story)