Yes, the head of the Commodities Futures Trading Commission has a clear incentive to call things commodities. Unfortunately, he's not the one who gets to say whether they're securities.

The head of the Securities and Exchange Commission has a clear incentive to call things securities.

He doesn't "get to say" whether things are securities either. He can claim they're securities but he has to prove cases in court, which isn't turning out to be that easy even for XRP.

Ultimately, Congress decides the rules, and not everyone in Congress thinks the SEC is doing a good job here.