Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), stated that Ethereum (ETH) is a security, opposing the definition of the Commodity Futures Trading Commission (CFTC).
US regulators Ethereum and similar cryptocurrencies commodity or is it securities The last comment on his statements about whether SEC Chairman Gary GenslerIt came from gens, March 15Upon the questions of the members of the press after the commission meeting he attended in Ethereumone of securities He repeated his words that
In previous statements, only Bitcoin (BTC) commodity and almost all the remaining cryptocurrencies securities Like Gensler, Etheruem Proof of Stake (PoS) of tokens He stated that as long as they promise a return and gain, they should be defined as securities:
Investors invest in these crypto assets with the expectation of a return. They aim to profit from the mentioned PoS tokens and they are currently earning 2%, 4%, 18% returns. These assets must qualify as securities under US law.
CFTC head Rostin Behnam if the necessary regulatory framework is not recently established by the SEC on the matter Ethereum and all stablecoins commodity He stated that it will be counted as a CFTC and will be audited under the CFTC. The CFTC defines a similar FTX He also argued in his case and He described Ethereum as a commodity.
These developments have resulted in the regulation of the crypto markets by the two regulatory bodies. disagreement over which institution should take priority and it shows that he is confused. You can read our detailed news on the subject to understand what the definition of securities and commodities means for the crypto industry.