The U.S. Commodity Futures Trading Commission (CFTC) in a court filing Dec. Ethereum described it as a commodity.
President Rostin Behnam on 30 November of bitcoin the only thing to be seen as a commodity cryptocurrency He claimed that it was a unit.
As it is known, the regulation of assets defined as commodities in the USA is carried out by the Commodity Futures Trading Commission (CFTC) instead of the SEC, which regulates securities and is known for its harsh stance.
CFTC: “Bitcoin, Ethereum and Tether (USDT) Are Commodities Not Securities”
In the document shared by the CFTC, besides Bitcoin and Ethereum, Tether (USDT) is also defined as a commodity. In addition, the phrase “BTC, ETH, USDT and other commodities” is used:
“Certain digital assets, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and others are “commodities” as defined under Section 1a(9) of the Code (7 USC § 1a(9)).
However, there seems to be some disagreement within the CFTC itself, at least in recent weeks, over whether Ethereum should be viewed as a commodity.
CFTC chairman Rostin Benham reportedly retracted his previous comments during a crypto event at Princeton University on Nov.
Gary Gensler, Chairman of the Securities and Exchange Commission (SEC), has also taken an ambiguous stance on Ethereum in recent months.
In an interview with Jim Cramer during the Mad Money program on June 27, Gensler confirmed that Bitcoin is a commodity and added: “That’s all I’m going to say.”
*Not investment advice.
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