..
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.