FTX founder SBF has accused former SEC Chairman Gary Gensler of undermining the Commodity Futures Trading Commission (CFTC) to consolidate regulatory power within the SEC. In a post on his X account, SBF claimed that Gensler, alongside Senator Elizabeth Warren, sought to weaken the CFTC's authority, thereby complicating compliance for crypto businesses by mandating non-existent licenses. SBF further noted that Paul Atkins, the SEC Chairman appointed by Trump, favors using existing licenses to prevent the crypto industry from being entangled in regulatory conflicts among U.S. federal agencies. This statement highlights ongoing tensions within the regulatory landscape as different bodies vie for control over the burgeoning crypto sector.