Better Markets Says CFTC Is ‘Wrong Agency’ to Regulate Retail Crypto

The jurisdictional question here is not academic: it determines which disclosure, custody and enforcement regime retail crypto users ultimately sit under, and the two agencies have historically taken different approaches to digital assets. Better Markets' objection matters less as a comment letter than as a signal that the turf contest between the CFTC and SEC is still unresolved, with retail-facing platforms caught in the middle. Whether the CFTC's proposal advances unchanged, and whether the SEC's more expansive view prevails, is the open question worth tracking.