Former US Commodity Futures Trading Commission (CFTC) official Dan Berkovitz stated that Ethereum (ETH) can be described as both a commodity and a security.
Dan Berkovitz attended the program with Collin Lloyd from Sullivan & Cromwell law firm on May 23, Ethereum both commodity as well as securities aspect can be described told. In this context, the official Ethereum both CFTC as well as US Securities and Exchange Commission (SEC) under to be regulated said it was possible.
Your laws dual characterization about open mentioning that Berkovitz, Ethereum’s confusion wheat, oats or cocoa like due to the lack of physical expressed. On the other hand, everything that falls within the scope of the futures contract technical aspect commodity aspect that you are described underlined.
on the other hand treasury bills, bonds like your securities futures contracts may be the subject and at this point under the jurisdiction of the CFTC. was among the statements of Berkovitz.
The CFTC has many times in the past. Ethereum One is commodity While expressing that, the SEC has no official word on this. not going into categorization attention was drawn.
Lloyd, on the other hand, in jurisprudence assets operating on the blockchain as securities that it can be named any statement about not included and made the following statements on the subject:
“Is this digital asset a security or not?” It’s kind of weird to ask. According to me “Is this digital asset being sold as part of a securities transaction?” you should ask. It depends on the facts and circumstances.
Lloyd’s SEC Bitcoin (BTC) except all digital assets as a security characterization He also criticized his claims.