Congress must fix crypto rules perimeter, say policy-makers

CFTC and SEC officials say public debate needed on jurisdictional boundaries as investment ramps up

cryptocurrency

The classification of cryptocurrencies as commodities or securities should be settled by Congress, according to senior policy-makers, ending a long-running regulatory debate that has delivered a patchwork of inadequate rules.

“Congress is the place where we should talk a lot about a lot of this stuff,” said Paul Balzano, senior professional staff for the House Committee on Agriculture.

“It’s not great to have regulators run around and – I don’t want to say ‘make stuff up’ – but take small

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