The U.S. Commodity Futures Trading Commission (CFTC) committed to regulating crypto tokens not classified as securities during a conference on Feb. 3.

CFTC chairman Rostin Behnam said:

“There remains a gap in crypto cash market regulation for non-security tokens, and I believe the CFTC is well positioned to fill this specific gap if Congress so chooses.”

Benham said that the CFTC will engage with the latest meeting of Congress to achieve that end. The 118th U.S. Congress began on Friday and will last for two years until Feb. 3, 2025. It maintains a Democratic Senate majority but introduces a Republican House majority — one factor that could impact the CFTC’s interactions with lawmakers.