The U.S. Commodity Futures Trading Commission (CFTC) has designated Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and some stablecoins as commodities under the Binance lawsuit.
by CFTC March 27 in a lawsuit filed against Binance on charges of regulatory violations and offering unregistered derivatives trading to US citizens. Bitcoin, Ethereum and Litecoin as well as cryptocurrencies Tether (USDT) And Binance USD (BUSD) stablecoins commodity was defined as.
The commodity status of the relevant cryptocurrencies is stated in the document as follows:
BTC, ETH, LTC, USDT and BUSD and some other digital assets are defined as commodities according to the relevant article of the law.
of the CFTC first time in an official document bitcoin And Ethereum outside Litecointo include in the commodity classification, other cryptocurrencies also commodity status He was excited that he could carry it.
Litecoin The team did not remain silent on the issue. In the post on the official Twitter account, the following statements were included, along with the relevant part of the case file:
Litecoin is a commodity. It’s good to know that we now agree on this.
Coinbase General Counsel Paul Grewal, definition in the document. of the US Securities and Exchange Commission (SEC) securities definition on cryptocurrencies the exact opposite aspect may not be located expressed.
Grewal has this to say on the subject: in expressions found:
A security can also be a commodity. This can vary depending on when and which editor you ask.
SEC Chairman, known for his anti-cryptocurrency Gary Gensler many cryptocurrencies in the past securities and by the SEC arrangement had said it should. Gensler, in the past bitcoin And EthereumAt this point, other cryptocurrencies that you left although it implies Proof of Stake (PoS) against Ethereum after its transition to your opinion had also changed.