SEC Vs. CFTC fight over crypto market regulation, What are your thoughts?

[Flexystar]

After reading it seems that community has mixed feelings regarding SEC and CFTC. Some of you even think that there should be even entirely new organization to control the crypto markets. However, it is still sad part because we have to use the word "control" for the new organization as well. In reality, no body should be controlling it. Yes, if they want to have taxes levied then they could do so on the transactions that are being done via banks. The crypto which is being sold for fiat should come under the legislations of government bodies or whatever they have plans with xyz entities. This will define "border" between the two worlds. Whatever happens in crypto space stays there while fiat, well it's traditional and on going matter. It could keep up the ecosystem running pretty smooth.

[buwaytress]

..
the whole funny part is
the CFTC has had its fingers on ethereum during its PoW days but now its PoS suddenly CFTC doesnt care much and passed it onto SEC .. yet CFTC wants bitcoin now.
even though bitcoin is not as much of a commodity as ethereum.
the reasons is that under CFTC ethereum is no longer a environmental concern so any possible 'enforcements' the CFTC forwards to FATF would just from now on be market related, which the SEC can handle

I do recall that actually, and especially when it was satisfied with all parties that Ethereum (as well as Bitcoin) was not a security (which would have made SEC the lead regulator). I never did get wind that part of the reason CFTC passed Ethereum on was the PoW/PoS thing. They probably never left it quite alone though as 2 months ago now we've got this territorial dispute spilling over into all of crypto.

It definitely does matter, as you point out, if SEC's hold is weakened on Bitcoin, while CFTC's claws dig in.