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CFTC v SEC: What it Means For YOUCryptocurrencies are unique assets that don't fit neatly into traditional asset categories. To regulate them, the SEC draws on existing legal frameworks. On the other side, the CFTC has long argued that cryptocurrencies such as bitcoin and ether are commodities and can be regulated as such under. The CFTC took action against Celsius and its former CEO Alex Mashinsky under the banner of fraud and material misrepresentations in connection.